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New Deal


Announced

Completed

Millennium Trust Company completed the acquisition of Financial Processing Solutions Group from IPX Retirement for $95m.

Financials

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Transaction Value£76m
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

Acquisition

Majority

United States

financial processing services

Private

Domestic

Completed

Friendly

Single Bidder

Synopsis

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Millennium Trust Company, a financial services company offering alternative custody solutions, completed the acquisition of Financial Processing Solutions Group, a company that develops innovative, technology-driven solutions for the retirement planning industry, from IPX Retirement, a provider of trust, custody, IRA, and recordkeeping services to the retirement plan industry, for $95m.

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