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Announced

Completed

Standish Management completed the acquisition of Alpha Alternatives Fund Services.

Financials

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

Sources

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Tags

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Asset Managers and Custodians

Private

Domestic

fund administration

United States

fund management

Majority

Single Bidder

Acquisition

Friendly

Completed

Synopsis

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Standish Management, an employee-owned provider of specialized fund administration services, completed the acquisition of Alpha Alternatives Fund Services, a fund administration firm for hedge funds and other investment vehicles. Financial terms were not disclosed. “Since opening our doors, our objective has been to provide clients with solutions to help facilitate their growth. This means we need to have the systems and expertise to support various fund structures and strategies. Alpha has built an impressive track record of providing high quality, high touch client service to hedge funds. We look forward to working alongside them to contribute to the continued success of our combined teams," Robert Raynard, Standish Founder and CEO.

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