Australian fund administrator MainstreamBPO has acquired the European hedge fund administration business of Alter Domus for an undisclosed amount.

MainstreamBPO has executed this takeover deal through its subsidiary FundBPO (Malta).

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The transaction follows the MainstreamBPO’s acquisition of Alter Domus’ hedge fund administration business in Hong Kong in 2015.

MainstreamBPO said that the deal includes a number of long term client contracts for fund administration services provided out of Malta, including net asset value (NAV) calculations and fund accounting, to European domiciled hedge funds.

The associated annualised revenue of up to A$1m will be recurring revenue from monthly service fees, which the company expect to increase over time.

MainstreamBPO is expecting the deal to positively impact its FY18 revenue and earnings.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Commenting on the acquisition, FundBPO CEO Martin Smith said the group had a successful track record of integrating Alter Domus’ hedge fund administration business into its existing operations.

“Today’s announcement extends the scale of our fund expertise and capability in Australia, Asia and the United States to European compliant funds. We are pleased to be working closely with Alter Domus again to build on the success of our purchase of their h edge fund administration business in Hong Kong last year. ” Smith said.

Subject to the issue of a Recognition Certification from the Malta Financial Services Authority (MFSA) to act as a Fund Administrator in Malta, the transaction is expected to be completed by 15 January 2017.