Windor’s SS&C Technologies Holdings said it has acquired Citigroup’s alternative investor services business for $425 million.
The Citigroup unit adds hedge fund and private equity fund services, as well as clients, to SS&C’s existing roster of fund administration offerings.
“This acquisition is solidly in line with SS&C’s strategy of combining organic growth with select, high-quality acquisitions,” SS&C CEO and Chairman Bill Stone said in a statement.
The company hopes to close the deal, which is subject to regulatory approvals, by March of next year.
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