FE Fundinfo has bought Funds360, a French fund data and solutions provider.
Funds360 was previously owned by Euronext, and specialises in providing data on funds, life insurance schemes, real estate investment vehicles as well as equities, bonds and structures products.
It was founded in Paris in 2011 and was developed for institutional investors, asset managers, financial advisers and solution providers.
Jean-Baptiste Sicard, founder and chief executive at Funds360, said that after 11 years leading the continuous development of the company, he was pleased that FE Fundinfo would take over the next phase of the journey.
“I would like to thank my team for their hard work and dedication which made Funds360 a success.
“As I pursue new opportunities outside of the group, I am truly convinced that the company will continue to thrive as part of the FE Fundinfo family and wish them every success.”
Hamish Purdey, chief executive of FE Fundinfo, said the fund distribution landscape was becoming more global and the need for greater efficiencies in data exchange across borders was something FE Fundinfo aimed to facilitate through its 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," he said.
“We have been impressed by the deep expertise of the French market within the team at Funds360 and we’re delighted to welcome them to the FE Fundinfo family."
The acquisition is part of a wider expansion for FE Fundinfo, which in recent months has bought an Australian-based research and adviser technology provider, and a Danish fund data and tech firm.
In May last year the group bought cashflow planning provider CashCalc.
FE Fundinfo was formed from the merger of FE, FundInfo and F2C in 2017, and provides investment research and portfolio services to IFAs, including FE Analytics.
sally.hickey@ft.com
