SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has reached a definitive agreement to acquire Calastone, a global funds network and technology provider for the wealth and asset management industries, from investment firm Carlyle. The transaction is valued at approximately £766 million (approximately US $1.03 billion), subject to certain adjustments.
Calastone, headquartered in London, operates a global funds network that connects over 4,500 financial organizations across 57 markets. The acquisition is anticipated to close in Q4 2025, pending regulatory approvals. SS&C expects the acquisition to be accretive within 12 months following completion and plans to finance the purchase through a combination of debt and cash on hand. Calastone’s staff, totaling over 250 employees across offices in London, Luxembourg, Hong Kong, Taipei, Singapore, New York, and Sydney, are expected to integrate into SS&C Global Investor & Distribution Solutions, reporting to General Manager Nick Wright.
Bill Stone, Chairman and CEO of SS&C Technologies, stated that the acquisition would create a more connected, automated, and intelligent global fund ecosystem. This integration aims to reduce complexity, enhance client experience, and influence the future of distribution and investment operations.
This acquisition supports SS&C’s objective to transform investment operations and contribute to its geographic expansion. Calastone’s global network and technology solutions are intended to complement SS&C’s existing services, which include fund administration, transfer agency services, artificial intelligence, and intelligent automation. By combining their capabilities, the companies aim to deliver a unified, real-time operating platform designed to lower costs, complexity, and operational risk within the global fund ecosystem, as well as to shape distribution strategies. This strategic alignment is positioned to enhance distribution, investor servicing, and operational scalability, enabling asset and wealth managers to innovate, diversify products, and improve outcomes for investors globally.
Julien Hammerson, CEO of Calastone, noted that combining forces with SS&C would advance their shared mission to build a comprehensive, intelligent, and connected wealth and asset management ecosystem. He added that SS&C’s global scale and expertise in fund services and technology would enable accelerated innovation and the delivery of new digital capabilities to the market.
Fernando Chueca, Managing Director on the Carlyle Europe Technology Partners investment advisory team, commented on Calastone’s well-established technology network as a differentiated, automated offering, expressing confidence in SS&C as the right partner for Calastone’s continued growth.
