Euroclear, the global provider of financial market infrastructure, recently announced the completion of its acquisition of Goji.
Euroclear announced its intent to acquire Goji on 12 December 2022. Financial terms of the transaction were “not disclosed.”
The acquisition of Goji aligns “with Euroclear’s strategy of expanding its reach and capabilities in private markets, building upon its successful acquisition of the MFEX funds distribution platform.”
Euroclear is now able “to provide a true one stop shop offering to clients across a spectrum of products including mutual and alternative funds, ETFs and private market funds.”
The combination of Euroclear’s open infrastructure “administering €3.1 trillion worth of funds globally and Goji’s innovative technology will provide a digital platform to streamline trading and custody, increase accessibility, and reduce the overall cost of access to private market funds.”
The acquisition coincides with rapidly increasing demand “for entry into private markets as investors seek strong, predictable returns and the security that comes from portfolio diversification.”
David Genn, CEO, Goji commented:
“We are extremely pleased to partner with Euroclear to provide the technological infrastructure necessary to unlock private markets for all investor groups. The integration of Euroclear’s extensive cross-border fund network with Goji’s technology and experience allows us to deliver a solution that will transform the private markets industry.”
Lieve Mostrey, Chief Executive Officer, Euroclear commented:
“We are delighted to be working with Goji. The acquisition enables Euroclear to diversify and expand its product and service offerings in private markets, providing clients with a comprehensive suite of solutions catering to their evolving needs. Through our collaboration with Goji we will build a global network for private funds.”
As noted in the update, Goji claims it is “the leading provider of investor platform technology and services.”
With the private-asset market opening to new classes of investors, Goji says that it “makes it easy for asset managers, fund administrators and asset owners to give all investors digital access to private funds and stay ahead of their industry competitors.”
Goji’s platform, “which is secure, scalable, and customizable, unlocks new top line revenue and reduces costs.”
The company serves over 30,000 investors “from more than 86 jurisdictions. Goji is headquartered in the UK and is regulated by the FCA.”
As mentioned in the announcement, Euroclear group is “the financial industry’s trusted provider of post trade services.”
Guided by its purpose, Euroclear innovates “to bring safety, efficiency and connections to financial markets for sustainable economic growth.”
Euroclear provides settlement and custody of domestic and cross-border securities “for bonds, equities and derivatives, and investment funds.”
As a proven, resilient capital market infrastructure, Euroclear is “committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise.”
The Euroclear group “comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden, Euroclear UK & International and MFEXbyEuroclear.”
