India, April 16 -- KFin Technologies Limited ("KFintech"), a leading provider of investor and issuer solutions to global asset managers, has signed a definitive agreement to acquire a 51% controlling stake in Ascent Fund Services Pte. Ltd. ("Ascent") for US$34.7 million. The deal includes a pathway to full ownership, with the remaining 49% to be acquired in three equal tranches of 16.33% each at the end of FY2028, FY2029, and FY2030. The transaction is subject to customary regulatory approvals.
Headquartered in Singapore, Ascent is a rapidly growing, full-service global fund administrator. It serves 260 alternative asset managers across 18 geographies, with 576 funds and US$24 billion in assets under administration. With a highly experienc...