M&A Deal Summary

State Street Acquires Mourant International Finance Administration

On December 2, 2009, State Street Corp. acquired financial services company Mourant International Finance Administration (MIFA)

Acquisition Highlights
  • This is State Street’s 4th transaction in the Financial Services sector.
  • This is State Street’s 1st transaction in Channel Islands.

M&A Deal Summary

Date 2009-12-02
Target Mourant International Finance Administration (MIFA)
Sector Financial Services
Buyer(s) State Street Corp.
Deal Type Add-on Acquisition

Target

Mourant International Finance Administration (MIFA)

Jersey, Channel Islands
Mourant International Finance AdminisJersey in the Channel Islands with approximately USD170bn in assets under administration and approximately 650 employees in locations including Dublin, Singapore and New York, MIFA is a provider of fund administration services, particularly for alternative investments, such as private equity, real estate and hedge funds.tration (MIFA)

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Buyer(S) 1

Buyer

State Street Corp.

Boston, Massachusetts, United States

website


Category Company
Founded 1792
SectorFinancial Services
Employees39,439
Revenue 10.6B USD (2020)
DESCRIPTION

State Street is a specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. State Street was founded in 1792 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 5 of 11
Sector (Financial Services) 4 of 8
Type (Add-on Acquisition) 4 of 7
Country (Channel Islands) 1 of 1
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-02 CitiStreet LLC

North Quincy, Massachusetts, United States

CitiStreet LLC is a provider of record keeping and administrative services, counseling and advice programs, and other benefit plan services primarily in the US. It has approximately 3,700 employees with the majority located in the US.

Buy $900M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-21 Pulse Trading, Inc.

Boston, Massachusetts, United States

Pulse Trading is a full service agency brokerage firm headquartered in Boston with a range of electronic trading capabilities that include block crossing and blotter scraping technology. The transaction includes the acquisition of Pulse Trading’s institutional equities business and approximately 40 employees in Boston, New York, St. Louis and San Francisco.

Buy -