Aandeel ALLFUNDS GROUP AEX:ALLFG.NL, GB00BNTJ3546

quote:

maci schreef op 4 december 2023 08:47:

De PR voorziening is op orde hoor:
Allfunds and BCC Iccrea Group finalise the acquisition of the
Local Paying Agent business of Iccrea Banca
4 December, 2023

Allfunds Group plc (“Allfunds”) (AMS: ALLFG), one of the world’s leading B2B WealthTech platforms for the fund
industry, and Iccrea Banca, the parent company of the BCC Iccrea Group (the fourth banking group in Italy in
terms of total assets, €168.2 billion, and second in terms of branches in the country, about 2,440), announce that
on Friday 1 December both entities signed the closing of the agreement under which Allfunds acquires Iccrea
Banca’s local paying agent business (Banca Corrispondente e Banca Agente), including a long-term exclusivity
agreement.

With this operation, Allfunds will build upon its position in the local paying agent business in Italy, increase its level
of customer service and, at the same time, strengthen its partnership with a leading financial institution in the
country.

The deal will create value for Allfunds’ shareholders generating EBITDA margin and adjusted EPS accretion from
year 1. The transaction has been fully funded through the Allfunds Group revolving credit facility and has a neutral
impact on Allfunds Banking Group’s capital position.

This agreement is part of the BCC Iccrea Group's strategy aimed at supporting development projects in the area
of asset management, and will allow the Group to capitalise on the value of these assets and to further increase
its solid capital ratios.

ENDS

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J.Inv. schreef op 23 januari 2024 15:59:

www.xm.com/research/markets/allNews/r...

quote:

Ron Kerstens schreef op 23 januari 2024 16:54:

[...]

Het is een mooi verhaal;

By Amy-Jo Crowley, Oliver Hirt, Andres Gonzalez and Pablo Mayo Cerqueiro

LONDON, Jan 23(Reuters) -Swiss stock market operator SIX Group is considering a bid for fund distribution company Allfunds ALLFG.AS, according to two sources with knowledge of the situation, a move that could be complicated by the difficulty of raising acquisition financing.

Allfunds management is expected to meet prospective bidders next month, one of the sources said, while the other said no offer from the Zurich-headquartered SIX was imminent.

Amsterdam-listed Allfunds is working with Goldman Sachs and Citigroup on a strategic review that could lead to a sale and has also attracted interest from private equity firms, two other people with knowledge of the situation said.

Although conversations over the future of Allfunds are preliminary, they may gain momentum during the first quarter after it publishes its annual results in February, the two sources said.

Funds including Advent, Brookfield, CVC and KKR have shown an interest, two people familiar with the process said, but it was unclear if any planned to pursue an offer.

Spokespeople for SIX, which is owned by around 120 banks, and Allfunds, declined comment. Advent, Brookfield, CVC and KKR declined to comment.

None of the five sources could be named because the discussions are not public.

Some of them said SIX could face challenges in raising financing for an acquisition.

It announced a net loss of up to 1.1 billion Swiss francs ($1.27 billion) for 2023, mainly because of impairments of its stake in European payments provider Worldline WLN.PA.

Euronext ENX.PA, home to the Paris, Amsterdam and Milan stock exchanges, made an aborted 5.5 billion euro ($5.97 billion) bid for Allfunds last year.

The board of Allfunds, which had a market capitalisation of 3.62 billion euros on Tuesday, said it had held talks with Euronext but the terms of its proposal were "inadequate".

Allfunds, which provides funds access to a broad network of financial institutions, has 1.3 trillion euros of assets under administration through 860 distributor contracts and 17 offices around the world.

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Buurman schreef op 23 januari 2024 16:58:

Aangezien een bod van 8,75 door Euronext afgeslagen werd, zal er een nieuw serieus bod moeten komen wat dus hoger ligt en interessant genoeg is voor Allfunds. Ben benieuwd en positie uitgebreid,