Calastone, the largest global funds network, today announces that its acquisition by global investment firm The Carlyle Group (NASDAQ: CG) has now closed. Calastone management retain a minority stake in the transaction.
Fernando Chueca, a Managing Director in The Carlyle Group’s advisory team, said: “Calastone is a global leader and innovator in the funds technology industry. We are delighted to partner with Julien and the management team and look forward to leveraging our global platform to support Calastone in its next stage of growth.”
Commenting, Calastone’s Chief Executive Officer Julien Hammerson, said: “We are delighted to have the full support of The Carlyle Group as we take the company forward into the next phase of its development and growth”
