SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced a definitive agreement to acquire Calastone, a global funds network and technology solutions provider for the wealth and asset management industries. The acquisition, valued at approximately £766 million (approximately US $1.03 billion), is subject to certain adjustments and regulatory approvals, with an expected closing in Q4 2025. Carlyle, a global investment firm, is the seller.
Headquartered in London, Calastone operates an extensive global funds network, connecting over 4,500 financial organizations across 57 markets. SS&C, a global provider of services and software for the financial services and healthcare industries, founded in 1986 and headquartered in Windsor, Connecticut, expects the acquisition to be accretive within 12 months of closing. The purchase is planned to be funded with a combination of debt and cash on hand.
Calastone’s more than 250 employees, located in London, Luxembourg, Hong Kong, Taipei, Singapore, New York, and Sydney, are expected to join SS&C Global Investor & Distribution Solutions, reporting to General Manager Nick Wright. Bill Stone, Chairman and CEO of SS&C Technologies, stated, “We’re excited to welcome Julien, the Calastone team and their valued clients to SS&C. Together, we will create a more connected, automated, and intelligent global fund ecosystem — reducing complexity, enhancing client experience, and shaping the future of distribution and investment operations.”
This acquisition reinforces SS&C’s strategy to transform investment operations and support its ongoing geographic expansion. Calastone’s global network and technology solutions are seen as complementary to SS&C’s established presence in fund administration, transfer agency services, artificial intelligence, and intelligent automation. The combined entities aim to deliver a unified, real-time operating platform intended to reduce cost, complexity, and operational risk across the global fund ecosystem, while also influencing distribution strategies. This strategic alignment is anticipated to enhance distribution, investor servicing, and operational scalability, enabling asset and wealth managers to innovate and diversify products.
Julien Hammerson, CEO of Calastone, commented, “We are pleased to be combining forces with SS&C in our joint mission to build the most comprehensive, intelligent and connected wealth and asset management ecosystem. SS&C’s global scale and deep expertise across fund services and technology will enable us to accelerate innovation and deliver new digital capabilities to the market. We look forward to working together to deliver transformational services to asset and wealth managers and drive growth.” Fernando Chueca, Managing Director on the Carlyle Europe Technology Partners investment advisory team, added, “We are pleased to have supported Calastone through such a transformational period of growth for the business. Its well-established technology network represents a differentiated, automated offering and we believe the business is well-positioned to build upon its market position and business momentum. We are confident that SS&C is the right partner to continue Calastone’s success, and we look forward to watching the company thrive in its next phase.”
SS&C was advised by Davis Polk & Wardwell LLP. Barclays served as exclusive financial advisor to Calastone, with Linklaters and Mishcon De Reya providing legal counsel in connection with the transaction. Carlyle, a global investment firm with $453 billion of assets under management as of March 31, 2025, deploys private capital across Global Private Equity, Global Credit, and Carlyle AlpInvest.
