Divestiture • Business Services

SEI Investments Acquires Atlas

On November 22, 2021, SEI Investments acquired business services company Atlas from Capita

Acquisition Context
  • This is SEI Investments’ 1st transaction in the Business Services sector.
  • This is SEI Investments’ 1st transaction in the United Kingdom.

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M&A Deal Summary

Date November 22, 2021
Target Atlas
Sector Business Services
Buyer(s) SEI Investments
Sellers(s) Capita
Deal Type Divestiture

Target Company

Atlas

London, United Kingdom
Atlas is a professionally run pension scheme that is authorized and supervised by The Pensions Regulator. Atlas is based in London, United Kingdom.
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Buyer Overview 1

Buyer

SEI Investments

Oaks, Pennsylvania, United States

Category Company
Founded 1968
Sector Financial Services
Employees5,066
Revenue 2.1B USD (2024)
DESCRIPTION

SEI Investments is an entity which provides investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisers, and ultra-high-net-worth families create and manage wealth. As of December 31, SEI manages or administers $404 billion in mutual fund and pooled or separately managed assets, including $172 billion in assets under management and $232 billion in client assets under administration. SEI Investments was founded in 1968 and is based in Oaks, Pennsylvania.


Deal Context for Buyer #
Overall 4 of 6
Sector: Business Services 1 of 1
Type: Divestiture 3 of 3
Country: United Kingdom 1 of 1
Year: 2021 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 Finomial

Boston, Massachusetts, United States

Finomial is an investor lifecycle management firm offering cloud-native financial technology. Finomial automates investor servicing from end to end, Finomial is transforming the buy-side investment process by automating the manual hedge fund subscription process between investors, fund managers, and administrators. Finomial is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-21 Altigo

Richmond, Virginia, United States

Altigo is a cloud-based technology platform that provides inventory, e-subscription, and reporting capabilities for alternative investments. Altigo is based in Richmond, Virginia.

Buy -

Seller Profile 1

SELLER

Capita

London, United Kingdom

Category Company
Founded 1984
Sector Business Services
Employees34,500
Revenue 2.4B GBP (2024)
DESCRIPTION

Capita is a provider of business process services, driven by data, technology, and people. The Company delivers innovative, digitally enabled solutions to transform and simplify the connections between government and citizens, businesses and customers. Capita operates across two divisions – Capita Public Service and Capita Experience – in the UK, Europe, India, and South Africa. Capita was formed in 1984 and is based in London, United Kingdom.


Deal Context for Seller #
Overall 12 of 21
Sector: Business Services 4 of 5
Type: Divestiture 11 of 20
Country: United Kingdom 11 of 20
Year: 2021 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Capita Insurance Services

London, United Kingdom

Capita Insurance Services is a large-scale insurance specialist, providing outsourced business process services across areas including underwriting support, claims, and client finance. Capita Insurance Services is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-28 Trustmarque

York, United Kingdom

Trustmarque is a specialized hardware and software reseller and provider of managed services in the UK. The Company works with an extensive network of more than 900 partners to find the most relevant and cost-efficient solutions for UK public sector, healthcare, and enterprise customers. Trustmarque was founded in 1987 and is based in York, United Kingdom.

Sell -