AMSTERDAM: Allfunds Group is negotiating the potential acquisition of the entire share capital of Web Financial Group under an exclusivity agreement.
No binding settlement has but been reached. Allfunds is within the method of finishing its confirmatory due diligence and negotiating the ultimate phrases of the transaction, together with the acquisition price of roughly €150 million. Allfunds will keep the market knowledgeable of any materials developments in relation to this process.
Allfunds (AMS:ALLFG) is one of many main B2B Wealthtech platforms for the funds industry, providing fully built-in options for each Fund Houses and Distributors. Allfunds has constructed and continues to evolve an ecosystem that covers the entire fund distribution worth chain and funding cycle, with options together with dealing and execution, data and analytics tools, Regtech, ESG screening, and portfolio monitoring. It stays the sole fully built-in one-stop-shop within the industry.
Founded in Madrid in 2000, Allfunds now spans 15 offices across the globe covering all main monetary markets. Today it has assets under administration of nearly €1.5 trillion, operations in sixty two countries, has over 2000 fund teams available and works with over 830 distributors.
Allfunds entered Euronext Amsterdam as a listed firm on April 23rd, 2021.
www.allfunds.com