SS&C to Acquire DST Systems

  • Jan 12, 2018

SS&C and DST have entered into a definitive purchase agreement

Under the terms of the agreement, SS&C will purchase DST in an all-cash transaction for $84 per share plus assumption of debt, equating to an enterprise value of approximately USD 5.4 billion.

The transaction significantly increases SS&C’s scale, with approximately USD 3.9 billion in combined pro forma revenue and 13,000 clients. Additionally, the transaction expands SS&C’s footprint into the US retirement and wealth management markets and adds 110+ million investor positions across DST’s client base.

The combination leverages SS&C’s software platform for institutional and alternative asset managers to drive increased automation and efficiency across wealth management account servicing.

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