.
MergerLinks Header Logo

New Deal


Announced

Permira Funds-backed Alter Domus to acquire Strata Fund Solutions from FTV Capital and StepStone Group.

Financials

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

Tags

Edit

Acquisition

Friendly

Domestic

fund administration

Pending

Majority

Private

Single Bidder

Asset Managers and Custodians

Private Equity

United States

Synopsis

Edit

Permira Funds-backed Alter Domus, a fully integrated provider of fund administration, debt capital markets and corporate services, agreed to acquire Strata Fund Solutions, a fund administrator serving US private equity and venture capital funds, from private equity firms FTV Capital and StepStone Group. Financial terms were not disclosed. “We are delighted to welcome Strata’s founders Jared, Darren, Nate and their entire talented team to Alter Domus. Our respective founders, leadership and teams share a culture of excellence devoted to the investment funds and corporate services industry. Our shared high-touch service model and advanced technology platforms align perfectly to offer our clients a trusted solution on day one,“ Doug Hart, Alter Domus Chief Executive Officer.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US