M&A Deal Summary

SS&C Technologies Acquires Curo Fund Services

On September 2, 2025, SS&C Technologies acquired financial services company Curo Fund Services from Sanlam and Old Mutual

Acquisition Highlights
  • This is SS&C Technologies’ 9th transaction in the Financial Services sector.
  • This is SS&C Technologies’ 1st transaction in South Africa.

M&A Deal Summary

Date 2025-09-02
Target Curo Fund Services
Sector Financial Services
Buyer(s) SS&C Technologies
Sellers(s) Sanlam
Old Mutual
Deal Type Add-on Acquisition

Target

Curo Fund Services

Cape Town, South Africa
Curo Fund Services is a fund administrator servicing more than R 3 trillion in assets on behalf of a wide range of financial services clients. Curo Fund Services was formed in 2012 and is headquartered in Cape Town, South Africa.

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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 52 of 52
Sector: Financial Services M&A 9 of 9
Type: Add-on Acquisition M&A Deals 39 of 39
Country: South Africa M&A 1 of 1
Year: 2025 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-21 Calastone

London, United Kingdom

Calastone is a global funds network, that connects the world’s major financial organizations. Calastone's mission is to help the asset management industry transform by creating innovative new ways to automate and digitalize the global investment funds marketplace, reducing frictional costs, and lowering the operational risk to the benefit of all. Calastone was formed in 2007 and is based in London, England.

Buy £766M

Seller(S) 2

SELLER

Sanlam

Bellville, South Africa

Category Company
Founded 1918
Sector Insurance
Employees23,926
Revenue 227.8B ZAR (2024)
DESCRIPTION

Sanlam is a life insurance company in South Africa but has since transformed into a diversified financial services group operating across Africa, India, and selected other emerging and developed markets, with listings on the Johannesburg, A2X, and Namibian stock exchanges. Sanlam was founded in 1918 and is based in Bellville, South Africa.


DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
Country: South Africa M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 atomos wealth

London, United Kingdom

atomos wealth is a wealth management firm offering a variety of services including investment management and financial planning advice. atomos wealth was formerly Sanlam Wealth and is based in London, United Kingdom.

Sell £140M
SELLER

Old Mutual

Pinelands, United Kingdom

Category Company
Founded 1845
Sector Financial Services
Revenue 13.6B GBP (2015)
DESCRIPTION

Old Mutual Ltd. is an international financial services company with expanding operations in life assurance, asset management, banking, and general insuarnce. Old Mutual was formed in 1845 and is based in Pinelands, South Africa.


DEAL STATS #
Overall 9 of 9
Sector: Financial Services M&A 7 of 7
Type: Add-on Acquisition M&A Deals 1 of 1
Country: South Africa M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 Old Mutual Wealth Italy

Milan, Italy

Old Mutual Wealth Italy SPA is an Italian insurance company specialised in the unit-linked market provides retail investment business solutions and products. The company was founded in 1997 and is based in Milan, Italy.

Sell -