Deals & Transactions

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ACA and Foreside to merge

ACA and Foreside to merge

ACA Group and Foreside Financial Group, LLC, US-based providers of governance, risk, and compliance (GRC) solutions to clients in the financial services industry, have announced that they have signed a definitive agreement to combine their two companies. 

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BITA raises EUR6m in Series A funding

BITA raises EUR6m in Series A funding

Index innovator BITA has received EUR6 million of Series A funding by ETFS Capital. The firm writes that the investment allows BITA to accelerate its technology rollout, add new functionalities to its all-in-one indexing platform and expand its business activity further across Europe and North America.

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SIX buys ETF data specialist firm ULTUMUS

SIX buys ETF data specialist firm ULTUMUS

The Swiss exchange, SIX, is acquiring ULTUMUS LTD, the London-based index and ETF data specialist. SIX writes that the acquisition is aimed at enhancing SIX’s data offering and to support its overall strategy to bring new data to its clients, making trading in ETFs more transparent and efficient for customers. The transaction closed yesterday, 12 July 2021. Financial terms of the acquisition are not disclosed.

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FusionIQ partners with YieldX to access fixed income and enhanced cash management solutions

FusionIQ partners with YieldX to access fixed income and enhanced cash management solutions

FusionIQ, an investment research and technology provider, has unlocked access to over one million fixed income investment products for its clients through YieldX’s InPaas API. The InPaaS API is a portfolio construction tool that optimises fixed income ETFs and closed-end funds for a desired income or yield target with the lowest risk and expense ratio.  

ACQUISITIONS

Amundi to become European ETF leader with Lyxor acquisition

Amundi to become European ETF leader with Lyxor acquisition

Amundi is to buy Lyxor’s ETF and actively managed alternative platform from Société Générale for a total cash consideration of EUR825 million, or EUR755 million excluding excess capital, in a move that will result in Amundi becoming the European leader in ETFs with EUR142 billion in assets and a 14 per cent market share in Europe.