Euroclear to Strengthen Offerings with MFEX Group Acquisition
- None of the companies disclosed the financials involved in the deal.
Euroclear, a Belgium-based securities Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term firm, announced on Friday its decision to acquire digital fund distribution platform, MFEX Group for an undisclosed sum.
Nordic Capital is the majority shareholder of MFEX and the deal, which is now pending regulatory approvals, is expected to be closed in the second half of 2021.
Headquartered in Stockholm, the MFEX Group was established in 1999 and offers solutions for fund companies and distributors. The company handles over 250 institutional clients and administers assets of around 320 billion euros.
The official press release detailed that the MFEX Group complements the services offered by Euroclear, which aims to build an efficient mechanism to access a broad network of end investors in a fragmented marketplace.
Complimentary Services
Commenting on the deal, Euroclear CEO, Lieve Mostrey said: “We are delighted to sign this agreement to acquire MFEX Group. We expect MFEX’s broad fund distribution network, along with its talented people, to be very complementary to Euroclear as we continue to enhance our exceptional service, extend our customer proposition and grow our business.”
Euroclear is a major name in Europe for providing settlement and custody of domestic and cross-border securities for bonds, Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term and derivatives to investment funds. Its business is flourishing with a 12 percent jump in its business income last year. But, its operating income remained flat due to the impact of lower interest rates.
“Over the past [few] years, we have together with Nordic Capital invested in our platform and continued to transform the fund distribution proposition. Euroclear is a great strategic fit for the next stage of our journey. By adding our respective strengths, we will be able to build an even better and stronger solution for fund distribution,” said Jean Devambez, MFEX Group CEO.
Euroclear, a Belgium-based securities Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term firm, announced on Friday its decision to acquire digital fund distribution platform, MFEX Group for an undisclosed sum.
Nordic Capital is the majority shareholder of MFEX and the deal, which is now pending regulatory approvals, is expected to be closed in the second half of 2021.
Headquartered in Stockholm, the MFEX Group was established in 1999 and offers solutions for fund companies and distributors. The company handles over 250 institutional clients and administers assets of around 320 billion euros.
The official press release detailed that the MFEX Group complements the services offered by Euroclear, which aims to build an efficient mechanism to access a broad network of end investors in a fragmented marketplace.
Complimentary Services
Commenting on the deal, Euroclear CEO, Lieve Mostrey said: “We are delighted to sign this agreement to acquire MFEX Group. We expect MFEX’s broad fund distribution network, along with its talented people, to be very complementary to Euroclear as we continue to enhance our exceptional service, extend our customer proposition and grow our business.”
Euroclear is a major name in Europe for providing settlement and custody of domestic and cross-border securities for bonds, Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term and derivatives to investment funds. Its business is flourishing with a 12 percent jump in its business income last year. But, its operating income remained flat due to the impact of lower interest rates.
“Over the past [few] years, we have together with Nordic Capital invested in our platform and continued to transform the fund distribution proposition. Euroclear is a great strategic fit for the next stage of our journey. By adding our respective strengths, we will be able to build an even better and stronger solution for fund distribution,” said Jean Devambez, MFEX Group CEO.