Page 21 - Mainstream Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

JTC closes Indos acquisition Specialist fund administrator JTC has completed its acquisition of depositary bank Indos Financial. Jersey-based JTC paid £11 million (€12.8 million) in a deal that was announced back in February. More than 50 Indos employees, including founder and chief executive Bill Prew, will become part of JTC’s Institutional Client Services division but the Indos brand will be retained “to demonstrate the integrity and independence of its depositary services under the Alternative Investment Fund Managers Directive (AIFMD)” according to a statement from JTC. The spec...

Apex Group appointed by Federation Asset Management for energy-transition investment fund Mandate win follows the launch of Apex subsidiary Throgmorton Australia, while administrator still targets Mainstream Group acquisition. May 20, 2021 10:06 AM GMT Apex Group has expanded its relationship with Federation Asset Management to administer its new Sustainable Australian Real Asset Trust (SARA), an energy-transition investment fund. Apex has been mandated by Federation to provide fund administration, share registry and regulatory services – in Australian Tax & FATCA/CRS reporting �...

SS&C ups bid for Mainstream Group to AUD$384 million Latest twist in the takeover tale of Mainstream Group sees SS&C outbid Apex Group by AUD$2 million.

Apex joins race to acquire fund administrator Mainstream Investment services firm SS&C has been asked to increase its offer for specialist fund administrator Mainstream Group after rival servicing firm Apex submitted a higher bid. Australia-based Mainstream Group Holding was set to be acquired by SS&C after its A$270 million (€171 million) bid was unanimously recommended by the Mainstream board. However, Apex has tabled a larger bid at A$2.55 per share, equivalent to A$356 million (€225 million), which has been determined as a ‘superior proposal’ by Mainstream, according to an announ...

Apex Group joins contest for Mainstream and outbids SS&C  Mainstream has notified SS&C of the superior proposal, and has given the group until Thursday 6 May to match or offer more.