US private equity firm, The Carlyle Group Global, is acquiring funds and settlement network Calastone. Calastone CEO Hammerson says the firm has made “great strides” The group takes a majority stake in Calastone, buying up shares owned by Octopus Group and Accel. Calastone’s management will retain a minority stake. Calastone claims to be the world’s largest global funds network. It serves over 2,300 clients in 43 countries, processing £200 billion of investment value each month. Financial details of the transaction are not disclosed, but cash from the deal is going towards the acceleration of Calastone’s growth. This includes “broadening” its…
Calastone acquired by US private equity firm Carlyle Group
Calastone acquired by US private equity firm Carlyle Group
