M and A
Deals Of The Day: The Latest In Wealth Management M&A - Carlyle Group, Calastone
The latest M&A deals in wealth and asset management.
Carlyle Group
has completed its purchase of a majority stake in funds network
business Calastone.
(The agreement to buy the stake was
initially reported here.)
Carlyle Group bought the stake from Accell and Octopus Ventures,
while Calastone’s management retains a minority stake. The
transaction is subject to regulatory approval and financial terms
were not disclosed. Barclays acted as advisors to Calastone
on the transaction.
