SS&C Technologies’ Acquisition of Hubwise

Davis Polk advised SS&C Technologies on the transaction.

SS&C Technologies announced the acquisition of Hubwise in an all-cash transaction. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in 2022. The acquisition enables SS&C to leverage its scale and investment in digital services to target the U.K.-advised retail market, complementing its market-leading solutions for asset managers and discretionary wealth managers.

SS&C is a global provider of services and software for the financial services and healthcare industries. Hubwise is a regulated U.K. B2B investment platform that serves advisers, discretionary wealth managers and self-directed digital D2C propositions.

Hubwise Securities is a ground-breaking, innovative and regulated technology business developed.

The Davis Polk corporate team included partner Will Pearce (Picture), counsel William Tong and associates Sophie Bessisso and Aaron Zacharias. The tax team includes partner Jonathan Cooklin and counsel Dominic Foulkes. Associate Mark Chalmers is providing regulatory advice. Counsel Matthew Yeowart is providing antitrust and competition advice.

Involved fees earner: Sophie Bessisso – Davis Polk & Wardwell; Mark Chalmers – Davis Polk & Wardwell; Jonathan Cooklin – Davis Polk & Wardwell; Dominic Foulkes – Davis Polk & Wardwell; Will Pearce – Davis Polk & Wardwell; William Tong – Davis Polk & Wardwell; Matthew Yeowart – Davis Polk & Wardwell; Aaron Zacharias – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: SS&C Technologies;

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Author: Alejandro Girola