.
MergerLinks Header Logo

New Deal


Announced

Completed

Broadridge completed the acquisition of FundsLibrary from Hargreaves Lansdown for $74m.

Financials

Edit Data
Transaction Value£52m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Acquisition

data platform

Completed

United Kingdom

Private

Data Centers and Hosting

Friendly

Majority

Cross Border

Disposal

Private Equity

Synopsis

Edit

Broadridge Financial Solutions, a global fintech provider, completed the acquisition of FundsLibrary, a digital platform, providing clients with in-depth fund data, documents and regulatory reporting for the asset management industry, from Hargreaves Lansdown, a financial service company, for $74m. “Today, global fund managers face a real challenge in creating and disseminating compliant marketing and regulatory documents that meet domestic and cross-border requirements throughout the EU and UK. The acquisition is a natural extension of Broadridge’s regulatory communications business and the next step in creating a leading pan-European digital data platform, supporting the lifecycle of fund data, documents, and regulatory reporting for the investment industry,” Samir Pandiri, Broadridge International President.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US