Apex Group ups its bid again for Mainstream Group
Latest offer will see the Australian fund administrator consider offers from SS&C and Apex before deciding on suitor.
Latest offer will see the Australian fund administrator consider offers from SS&C and Apex before deciding on suitor.
Mainstream has notified SS&C of the superior proposal, and has given the group until Thursday 6 May to match or offer more.
The announcement follows the conclusion of Scheme Implementation Deed with Vistra, which opted not to match SS&C’s offer.
Mainstream had previously entered a deal with Vistra as part of a $170 million deal, however it was granted a month to seek competing offers.
KDBA is the first APAC client to be administered on Allvue, the technology platform for closed-ended alternative funds which Mainstream utilises.