SS&C Technologies $120 million acquisition of Innovest Systems
Davis Polk is advising SS&C Technologies Holdings, Inc. on its $120 million acquisition of Innovest Systems, LLC. The transaction is expected to close in the second quarter of 2020.
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology. Innovest’s forward thinking technology solutions are the choice of many of the largest trust companies, wealth management firms, retirement platforms and philanthropic organizations in the industry.
The Davis Polk corporate team includes partner Leonard Kreynin and associates Tierney O’Rourke and Amira Abulafi. Partner Michael Mollerus and associate Adam R. Brownstone are providing tax advice. Counsel David Mollo-Christensen is providing executive compensation advice. The intellectual property and technology transactions team includes partner Frank J. Azzopardi and associate S. Dream Montgomery. Counsel Mary K. Marks is providing antitrust and competition advice. Partner John Banes is providing financial institutions advice. Members of the Davis Polk team are based in the New York and Northern California offices.