Mainstream BPO purchases Alter Domus' Hedge Fund Administration business in Malta

MainstreamBPO Ltd (ASX:MAI) has signed an agreement to purchase the European hedge fund administration business of Alter Domus, a Malta-based fund and corporate services provider. Alter Domus provides services to international private equity & infrastructure houses, real estate firms, private debt managers, capital markets’ issuers and private clients. The transaction is consistent with MainstreamBPO’s strategy of expanding its global footprint and follows the purchase of Alter Domus’ hedge fund administration business in Hong Kong during 2015. The latest acquisition extends MainstreamBPO’s fund expertise and capability in Australia, Asia and the U.S. to European compliant funds. The transaction is expected to be completed in January 2017, subject to the issue of a recognition certification from the Malta Financial Services Authority (MFSA) to act as a fund administrator in Malta. Read more information here.