Shares of SS&C Technologies Holdings Inc (NASDAQ:SSNC) climbed 3.1% after the company announced it has reached a definitive agreement to acquire Calastone, the world’s largest funds network, in a deal valued at roughly £766 million (US $1.03 billion). The seller is global investment firm Carlyle.
The acquisition is projected to close in the fourth quarter of 2025, pending regulatory clearance. SS&C said the move will bolster its capabilities in fund administration and transfer agency services. The transaction will be financed through a mix of existing cash and new debt, with expectations that it will be earnings accretive within a year of closing.
Calastone connects more than 4,500 financial institutions across 57 countries through its global funds network. Roughly 250 of its employees, based in cities such as London, Luxembourg, New York, Hong Kong, Singapore, Taipei, and Sydney, will become part of SS&C Global Investor & Distribution Solutions.
“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,” said Bill Stone, Chairman and CEO of SS&C Technologies.
The acquisition is intended to establish a unified, real-time operations platform that helps reduce costs, streamline processes, and minimize risks throughout the global fund industry. Calastone CEO Julien Hammerson added that “SS&C’s global scale and expertise will enable the company to accelerate innovation and deliver new digital capabilities.”
Barclays advised Calastone exclusively on the deal, while SS&C received legal counsel from Davis Polk & Wardwell LLP.
SS&C Technologies Holdings stock price
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