SS&C to buy Carlyle's British fund network Calastone for about $1 billion
1. SS&C Technologies to acquire Calastone for $1.03 billion. 2. This acquisition enhances SS&C's capabilities in financial data services.
FAQ
Why Bullish?
The acquisition strengthens SS&C's market position. Historical precedents indicate positive share growth after similar deals.
How important is it?
The strategic acquisition aligns with industry trends towards consolidation, potentially benefiting CG indirectly.
Why Long Term?
Investors will take time to see the benefits of integration. Previous acquisitions in this sector show gradual performance improvement over years.