Mitsubishi UFJ to acquire Capital Analytics

Mitsubishi UFJ Trust and Banking is to buy Capital Analytics for an estimated sum of JPY 6bn - JPY 8bn ($50.5m - $67.3m); completion is expected as early as this spring. This acquisition will boost Mitsubishi UFJ Trust's outstanding fund management balance sixfold, propelling the bank to No 5 among worldwide fund services companies, up from No 12, and surpassing JPMorgan. Fee-based financial services are increasingly becoming more important to banks suffering from low interest rates and dealing with new regulations on their holdings of risk assets.

MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group, is to acquire Neuberger Berman’s private equity fund administration business, Capital Analytics.

This deal brings MUFG Investor Services’ private equity and real estate assets under administration (AUA) to USD145billion and total AUA to USD384billion.



Junichi Okamoto, Group Head of Integrated Trust Assets Business Group, Deputy President, Mitsubishi UFJ Trust and Banking Corporation, says: “This transaction represents the next step in our strategy to support MUFG Investor Services position as an industry-leading administrator. Incorporating Capital Analytics’ capabilities will enhance MUFG Investor Services’ proposition and will enable us to continue to provide a full market offering for both new and existing clients, whilst maintaining the highest quality of service. We welcome Capital Analytics to our growing business.”



John Sergides, Managing Director, Global Head, Business Development and Marketing, MUFG Investor Services, says: “This acquisition will add 150 staff with specialist private equity and real estate expertise, enhancing MUFG Investor Services’ comprehensive offering in the alternative investment space and ensuring that we are the ideal partner to support clients of all sizes and complexities, as they maximize the growth opportunities that arise for their business.”



Anthony Tutrone, Global Head of Alternatives at Neuberger Berman, adds: “We believe the new ownership will create greater opportunities for Capital Analytics given trends in the fund administration industry, while allowing them to continue providing the best-in-class services that we and our clients have come to rely upon. We are confident that MUFG Investor Services, with its commitment to investing in the franchise and people, is the right steward to take Capital Analytics through to the next stage in its evolution and we look forward to continuing our close partnership.”



MUFG Investor Services is acquiring all of Capital Analytics’ business, and intends to provide a seamless transition for its employees and clients. Neuberger Berman funds will continue to receive administrative services from Capital Analytics, however, no funds or investment professionals will transfer as part of the acquisition.