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M&A Deal Summary

SS&C Technologies Acquires CommonWealth Fund Services

On October 13, 2017, SS&C Technologies acquired financial services company CommonWealth Fund Services

Acquisition Highlights
  • This is SS&C Technologies’ 3rd transaction in the Financial Services sector.
  • This is SS&C Technologies’ 1st transaction in Canada.
  • This is SS&C Technologies’ 1st transaction in Ontario.

M&A Deal Summary
Date 2017-10-13
Target CommonWealth Fund Services
Sector Financial Services
Buyer(s) SS&C Technologies
Deal Type Add-on Acquisition

Target

CommonWealth Fund Services

Toronto, Ontario, Canada
CommonWealth Fund Services Ltd. provides a full range of administration services to hedge funds, private equity funds, real estate funds, fund of funds, family offices, and other institutions. Over the past two years, CommonWealth has doubled its assets under administration. CommonWealth Fund Services Ltd. is a fund administrator servicing more than $8 billion in assets among more than 100 domestic and offshore investment funds. CommonWealth calculates fund net asset values on a daily, weekly, monthly, or quarterly basis, acts as transfer agent, and supports its clients with financial statement and tax return preparation.

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Buyer(S) 1

Buyer

SS&C Technologies

Windsor, Connecticut, United States
Category Company
Founded 1986
Sector Software
Employees26,800
Revenue 5.9B USD (2024)
DESCRIPTION

SS&C Technologies is a software provider to the global financial services industry with a broad range of highly specialized software, software enabled-services and software as a service (SaaS) solutions for information management, analysis, trading, accounting, reporting and compliance. SS&C Technologies was founded in 1986 and is based in Windsor, Connecticut.

DEAL STATS #
Overall 29 of 52
Sector: Financial Services M&A 3 of 9
Type: Add-on Acquisition M&A Deals 23 of 39
State: Ontario M&A 1 of 2
Country: Canada M&A 1 of 2
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-15 Conifer Financial Services

San Francisco, California, United States

Conifer Financial Services LLC is an independent asset services firm offering front to back capabilities across all asset classes to pensions, endowments, family offices, hedge funds, private equity and venture capital managers, RIAs, and traditional asset managers.

Buy $89M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-31 Modestspark

Redmond, Washington, United States

Modestspark LLC is a digital service provider to financial advisors and wealth management firms. Modestspark offers client portal and client experience enrichment tools for portfolio accounting solutions, including Advent Portfolio Exchange® and Axys®.

Buy -
Mergr

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