Private equity and alternatives fund house The Carlyle Group is set to take a majority stake in Calastone, with the world's largest funds network set for its "next phase of its development and growth".
The transaction, which is being advised by Barclays, will see Calastone management retain a minority stake in the business, and will support the business' growth plans and international expansion. Covid-19 prompts transactions surge across Calastone network The Carlyle Group's stake will be bought for an undisclosed fee from existing shareholders, including Octopus Ventures and Accel, which were a major part of an $18m investment round in 2013. The 2013 investment was intended to "accelerate the company's global growth strategy, with a focus on Asia Pacific and Europe, in addition ...
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