FE fundinfo acquires Euronext fund data provider 30 March 2022France Reporter: Rebecca Delaney
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FE fundinfo has acquired Funds360, a French fund data and solutions provider, from Euronext, further strengthening its footprint in continental Europe.
The acquisition consolidates FE fundinfo’s existing fund data and technology offering across the UK, continental Europe and Asia.
Specialising in providing back-offices and solutions providers with fund data, real estate investment vehicles, equities, bonds and structured products, Funds360 brings a complementary data set and unique understanding of the French fund market.
The firm serves clients across a range of industries, including insurance, banking, asset management, wealth management, media and fintech.
Commenting on the acquisition, Olivier de Bellescize, managing director at Funds360, says: “We are delighted to be joining the FE fundinfo family and play an active part in the business’ vision to create a pan-European fund data and technology champion. This transaction enables us to further broaden and deepen our set of solutions to our clients, and to continue to drive the agenda for transparency and efficiency in the collection and distribution of fund data.
“Our expertise in data collection and distribution in the French market also complements the offerings provided by FE fundinfo and allows us to help support its increasingly global client base in streamlining their businesses and remaining compliant in an increasingly complex regulatory landscape.”
Hamish Purdey, chief executive at FE fundinfo, adds: “We share a similar philosophy with Funds360 in making investment data accessible across the global fund data landscape to make investors better connected and better informed. We have been impressed by the deep expertise of the French market within the team at Funds360 and we are delighted to welcome them to the FE fundinfo family.”
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