The private equity house Nordic Capital has agreed to sell its digital fund distribution platform MFEX to the post-trade service provider Euroclear. The deal is expected to close in the second half of 2021.
MFEX manages some EUR 320 billion in assets and it is used by over 350 institutional clients to access its 80,000 funds from over 960 fund companies. The firm is active in 52 countries and employs more than 300 people. The company is divided into four main business areas: trading and custody, distribution agreement and rebate collection, data and fund information, and due diligence / AML & KYC (Global Fund Watch). The companies said in a statement that the deal was expected to produce “significant value” through revenue synergies and expanding the client service offering by creating a new fundsThe full article is only available to members
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