Fight For GlobeOp Coincides With Industry Consolidation

While TPG, the North American-based buyout firm, was reportedly close to acquiring GlobeOp earlier this month, it appears that SS&C is also making a move on the hedge fund administration provider (via BBerg).  This transaction appears to be good timing for both GlobeOp and its eventual acquirer as consolidation amongst the hedge fund service providers has already begun and GlobeOp is one of the larger players in the marketplace.  If TPG completes the transaction, I would expect this to be a shorter term play with a quick turn around. 

- Paul Migliore