01—Abstract
Summary
Summary of the 8-K filed October 14, 2025. Cited figures are marked; the original filing is the authoritative source.
On October 14, 2025, SS&C Technologies Holdings, Inc. completed its previously announced acquisition of Colossus Topco Limited, the parent company of Calastone Limited, a global funds network and technology solutions provider to the wealth and asset management industries.
The press release attached as Exhibit 99.1 states the purchase price is approximately £766 million (approximately US $1.03 billiona), subject to certain adjustments, and that the transaction is expected to be accretive over the next 12 months. To finance the acquisition, SS&C Technologies, Inc. entered into an Incremental Joinder to its Credit Agreement dated April 16, 2018 and borrowed $1,050 million of incremental term B-8 loans. The loans are a fungible increase to existing term B-8 loans, mature on May 9, 2031, and bear interest at either the Base Rate plus 1.00% or the Term SOFR Rate plus 2.00% at the company's option.
Net proceeds were used to finance the acquisition, related fees and expenses, and for working capital and general corporate purposes. According to the press release, Calastone's approximately 250 employees join SS&C Global Investor & Distribution Solutions, reporting to General Manager Nick Wright. The company states that Calastone's technology complements SS&C's offerings in fund administration, transfer agency, and AI and intelligent automation, and that the combined team will deliver a unified, real-time operating platform.
02—Key points
Key Highlights
- Completed acquisition of Colossus Topco Limited, parent of Calastone Limited, on October 14, 2025, as described in the July 21, 2025 Form 8-K.
- Purchase price of approximately £766 million (approximately US $1.03 billion), subject to certain adjustments.
- Borrowed $1,050 million of incremental term B-8 loans under the existing Credit Agreement to fund the acquisition, with proceeds also used for fees, expenses, and working capital.
- Incremental Term B-8 Loans mature May 9, 2031, priced at Base Rate plus 1.00% or Term SOFR plus 2.00% per annum at the company's option.
- The company states the transaction is expected to be accretive over the next 12 months.
- Calastone's approximately 250 employees join SS&C Global Investor & Distribution Solutions, reporting to General Manager Nick Wright.
- Calastone serves 4,500 clients in 58 countries and territories, per the press release, and processes over £250 billion of investment value each month.
03—Questions
Frequently Asked Questions
What did SS&C Technologies acquire and when did the deal close?
SS&C completed its acquisition of Colossus Topco Limited, the parent company of Calastone Limited, on October 14, 2025. Calastone is described as a global funds network and technology solutions provider to the wealth and asset management industries.
How much did SS&C pay and how was it financed?
The purchase price is approximately £766 million (approximately US $1.03 billion), subject to certain adjustments. SS&C funded the purchase with a combination of debt and cash, including $1,050 million of incremental term B-8 loans.
What are the terms of the new term loan debt?
The Incremental Term B-8 Loans are a fungible increase to existing term B-8 loans and mature on May 9, 2031. They bear interest at the Base Rate plus 1.00% per annum or the Term SOFR Rate plus 2.00% per annum, at SS&C's option.
What does management expect from the acquisition?
The press release states the transaction is expected to be accretive over the next 12 months. It also says the combined business will deliver a unified, real-time operating platform and expand SS&C's offerings in fund administration, transfer agency, and AI and intelligent automation.
How will Calastone be integrated into SS&C?
Effective immediately, Calastone's approximately 250 employees join SS&C Global Investor & Distribution Solutions and report to General Manager Nick Wright. Calastone keeps offices in London, Luxembourg, Hong Kong, Taipei, Singapore, New York and Sydney.
04—Continue