Davis Polk is advising SS&C Technologies Holdings, Inc. in connection with its acquisition of Citigroup’s Alternative Investor Services business, which includes Hedge Fund Services and Private Equity Fund Services, for $425 million, subject to certain adjustments. The transaction is expected to close in the first quarter of 2016, subject to approvals by relevant regulatory authorities and other customary closing conditions.

SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry.

The Davis Polk corporate team includes partner Leonard Kreynin and associate Laura C. Turano. The intellectual property team includes partner Pritesh P. Shah and associate Natalie A. Thomas. Partner Jeffrey P. Crandall and counsel Cynthia Akard are providing executive compensation advice. Partner Michael Mollerus and associate Koonho Cho are providing tax advice. Members of the Davis Polk team are based in the New York and Northern California offices.

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