Member Article

Link Group acquires Capita Asset Services

London-headquartered Capita Asset Services (CAS) has been acquired by the Link Group, a provider of technology-enabled solutions in financial and corporate markets, for an undisclosed sum.

Link Group says the deal will bolster its strategy to grow through further penetration of attractive markets and expand its product and regional capabilities and in particular extending the European operating platform.

Listed on the Australian Securities Exchange, the Group now operates in 17 jurisdictions worldwide, has annual revenue of over £750m and employs more than 7000 industry specialists.

Globally, it has more than £600bn of assets under administration, services 35 million individual shareholders and manages 45 million financial records.

Link Group Managing Director, John McMurtrie, said: “In CAS, we have acquired a business with leading market positions across its fund, corporate and private client, shareholder and banking and debt service lines.

“The business has longstanding customer relationships, operating in growth markets. The business, renamed as Link Asset Services, is highly complementary to Link Group and represents an attractive platform for further expansion in the UK and European markets.”

Anthony O’Keeffe, CEO of Link Group’s new Link Asset Services division commented: “We are delighted to be part of Link Group, a forward-thinking company committed to delivering enhanced client value through ongoing investment in technology, people and processes.

“This, coupled with new complementary and supplementary capabilities and a broader international reach, puts us in an excellent position to continue to develop our strong partnerships with our clients.”

Mr McMurtrie added: “With this acquisition, Link Group is now a truly international company with expanded opportunities for further growth. We are genuinely excited by the opportunities for the expanded Link Group, our new clients and new colleagues.”