FE fundinfo to acquire funds firm Fundsquare

Global fund data and technology company FE fundinfo is set to acquire Fundsquare according to reports.

Fundsquare is a fund registration and regulatory services firm which allows global fund managers to run a fund throughout its lifecycle.

Fundsquare is a wholly owned subsidiary of the Luxembourg Stock Exchange (LuxSE) which in turn will become an investor in Woking-based FE fundinfo.

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With bases in London and Woking the acquisition marks FE fundinfo’s fifth global purchase since 2020. The company having secured subsidiaries in the UK (CashCalc), Denmark (FundConnect), Australia (Zenith) and Liechtenstein (CSSP).

FE fundinfo’s said the latest acquisition will build on its growing operation in Luxembourg.

Fundsquare was established by LuxSE in 2013 to facilitate cross-border fund distribution through the collection and distribution of information. Its services currently facilitate cross-border investment in fund distribution from inception to filing and distribution.

FE fundinfo chief executive Hamish Purdey said: “We believe our services are highly complementary and the deal will bring together two industry leaders in fund data and reporting.

“By combining our services, the scope for greater efficiencies and product innovation will dramatically increase and the industry will benefit greatly from the enhanced product and service integration.”

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