FE fundinfo has acquired Funds360, the French fund data & solutions provider based in Fontainebleau and Paris, from Euronext.
The deal brings together FE fundinfo’s existing fund data and technology expertise in the UK, Continental Europe & Asia with Funds360’s complementary data set and unique knowledge of the French fund market.
Founded in Paris in 2011, Funds360 specialises in providing back offices and solution providers with fund data, life insurance schemes, real estate investment vehicles as well as equities, bonds and structured products.
The company serves clients in the insurance, banking, asset management, wealth management, media and fintech industries.
FE fundinfo’s stated mission is to connect the investment industry and make it as simple as possible for its clients to be better informed on investment decisions. Providing a golden source of accurate and timely investment data is a key part of that and an ethos shared by the team at Funds360.
The announcement follows a period of rapid deal flow for FE fundinfo with the acquisition of Nordics-based FundConnect in 2021 and more recently the announcement of the partnership with the Luxembourg Stock Exchange which will result in FE fundinfo’s acquisition of Fundsquare, a leading fund registration and regulatory services provider in Luxembourg.
Olivier de Bellescize, managing director at Funds360, said: “This transaction enables us to further broaden and deepen our set of solutions to our clients and to continue to drive the agenda for transparency and efficiency in the collection and distribution of fund data.”
“Our expertise in data collection and distribution in the French market also complements the offerings provided by FE fundinfo and allows us to help support its increasingly global client base in streamlining their businesses and remaining compliant in an increasingly complex regulatory landscape.”
Hamish Purdey, chief executive at FE fundinfo, added: “The fund distribution landscape is becoming ever more global and the need for greater efficiencies in data exchange across borders is something FE fundinfo aims to facilitate through its leading fund data distribution services. We share a similar philosophy with Funds360 in making investment data accessible across the global fund data landscape to make investors better connected and better informed.”
