Conyers Dill & Pearman acted as Bermuda and Cayman legal counsel to SS&C Technologies Holdings, Inc. (“SS&C”) in respect of its acquisition of Citi Fund administration entities in Bermuda and the Cayman Islands including Citi Fund Services (Bermuda) Limited, a Bermuda licensed fund administrator owned by Citigroup since 2007. The sale was part of Citigroup’s initiative to divest its Alternative Investor Service business globally valued at US$321 million. This follows SS&C’s acquisition of Prime Management Limited, a licensed fund administrator, insurance manager and BSX Listing Sponsor in 2013, in which Conyers also acted for SS&C.
SS&C (NASDAQ: SSNC) is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. SS&C is headquartered in Windsor, Connecticut and has offices around the world.
The Conyers Bermuda team was led by Peter Ch’ng and Alexandra Macdonald and the Cayman team was led by Craig Fulton and Tania Dons.