CALASTONE
Acquired by
THE CARLYLE GROUP
CALASTONE acquired by THE CARLYLE GROUP
Target
CALASTONE
Acquirer
THE CARLYLE GROUP
Context
The Carlyle Group acquired a majority stake in Calastone from Accel and Octopus Ventures. The deal followed a competitive auction process involving other bidders like Nordic Capital. The strategic rationale was to transform a highly successful, VC-backed fintech into a global institutional-grade market utility. Carlyle aimed to leverage the company's "sticky" recurring revenue (85% from mutual fund routing) and its first-mover advantage in blockchain-based fund infrastructure to drive global scale.
This transaction is part of the Financial Services industry, which currently tracks an average EBITDA multiple of 14.0x since the beginning of 2026, 5.3% decrease compared to 2025. This data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Calastone is the largest global funds network, serving as a digital marketplace for trading and settling investment funds. It leverages blockchain technology and distributed ledger technology (DLT) to automate traditionally manual processes such as order routing, settlement, and transaction reporting.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with CALASTONE
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 01/2025 | SS&C TECHNOLOGIES | CALASTONE | UNITED KINGDOM | Fintech & Payments | SS&C Technologies acquired Calastone from Carlyle. Upon completion, Calastone's team of 250 employees was integrated into SS&C's Global Investor & Distribution Solutions (GIDS) division. The strategic rationale is to combine Calastone's network with SS&C's fund administration and AI automation capabilities to create a more connected, automated global fund ecosystem. |
mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.