SS&C completes $1.5 billion takeover of Intralinks

The completion of the takeover provides SS&C one of the most-used communications platforms used by private equity and hedge fund managers.

SS&C Technologies has completed the $1.5 billion acquisition of financial technology provider Intralinks, giving it one of the most-used investor communication platforms by alternatives investment managers.

Intralinks facilitates strategic initiatives including mergers and acquisitions, capital raising and investor reporting.

Its communications platform is one of the most-used by private equity and hedge fund managers, with the largest hosted community of general and limited partners for the alternatives investments industry.

“Intralinks and SS&C share many of the industry’s largest customers and together we are well-positioned to meet the needs of banks, alternative funds and other corporations seeking to automate document-centric, collaborative workflows,” said Bill Stone, chairman and chief executive officer, SS&C Technologies.

In 2017, Intralinks had total revenues of $303 million, with an adjusted EBITDA of $115 million.

The purchase involved $1 billion in cash and $500 million in SS&C stock. SS&C stated in September it secured up to $1 billion of fully committed financing from Deutsche Bank, Citi, RBC Capital Markets and Credit Suisse for the deal.

The US-based technology giant has undergone a spending spree this year, completing the $1.45 billion purchase of front-office solutions provider Eze Software in October, and the massive $5.4 billion acquisition of DST Systems in April.

It also announced this year it will buy the CACEIS North American fund administration business.