SS&C to acquire Battea-Class Action Services for ~$670M; expects accretive close in 2024

SS&C Technologies Holdings Inc

Purchase price approximately $670M, subject to adjustments; expected to close in 2024.
Battea provides securities class action claims management; serves 900+ banks, asset managers.
Acquisition funded with up to $650M incremental term A loans and cash on hand.
Battea's 100+ employees join SS&C GlobeOp; adds litigation research and claims filing.
SS&C expects transaction to be accretive over next 12 months.

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