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New Deal


Announced

Completed

PolySign completed the acquisition of MG Stover.

Financials

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

Tags

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Private

Friendly

Investment Banking

Majority

Acquisition

fund administration

United States

Single Bidder

Domestic

Completed

Synopsis

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PolySign, an operator of an institutional-grade asset custody platform, completed the acquisition of MG Stover, a full-service fund administration firm. Financial terms were not disclosed. “MG Stover is the ‘go-to’ administration partner for many of the most sophisticated and successful investors in digital assets. Matt Stover, MG Stover’s Founder and CEO, is widely regarded as a visionary in our sector, and we are excited to gain his expertise as a shareholder and a core member of our leadership team. I am proud to welcome the entire MG Stover organization to PolySign," Jack McDonald, PolySign CEO.

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