M&A Deal Summary

State Street Acquires Charles River Systems

On July 20, 2018, State Street acquired financial services company Charles River Systems for 2.6B USD

Acquisition Highlights
  • This is State Street’s 8th transaction in the Financial Services sector.
  • This is State Street’s 3rd largest (disclosed) transaction.
  • This is State Street’s 8th transaction in the United States.
  • This is State Street’s 4th transaction in Massachusetts.

M&A Deal Summary

Date 2018-07-20
Target Charles River Systems
Sector Financial Services
Buyer(s) State Street
Deal Type Add-on Acquisition
Deal Value 2.6B USD

Target

Charles River Systems

Burlington, Massachusetts, United States
Charles River Systems, Inc. is a provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $33.9 trillion in assets under custody and administration and $2.7 trillion in assets under management as of June 30, 2018, State Street operates globally in more than 100 geographic markets and employs over 38,000 worldwide

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Buyer(S) 1

Buyer

State Street

Boston, Massachusetts, United States

Category Company
Founded 1792
Sector Financial Services
Employees39,439
Revenue 11.9B USD (2023)
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 10 of 11
Sector (Financial Services) 8 of 8
Type (Add-on Acquisition) 7 of 7
State (Massachusetts) 4 of 4
Country (United States) 8 of 9
Year (2018) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-30 GE Asset Management

Stamford, Connecticut, United States

GE Asset Management is a global asset manager with $110 billion in assets under management (as of December 31, 2015). GEAM and its predecessor organizations have been managing investments for GE’s U.S. pension and other benefit plans for over 80 years. In 1988, the firm began offering investment management products and services to investors outside GE, and today manages portfolios for more than 100 institutional clients—including corporate and public retirement plan sponsors, foundations, endowments, sovereign wealth funds, insurance companies, and GE affiliates.

Buy $485M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 BBH Investor Services

New York, New York, United States

BBH Investor Services is a global asset servicer with a track record of exceptional client service and deep expertise in cross-border, alternatives, ETFs, and other high-growth asset classes. BBH Investor Services was founded in 1818 and is based in New York.

Buy $3.5B