BNP Paribas to acquire 22.5 pct of Allfunds

BNP Paribas is buying a 22.5 percent stake in Allfunds. Financial terms weren’t announced. Hellman & Friedman and GIC will continue to own a majority. Allfunds is a wealthtech and fund distribution company offering services including data & analytics, portfolio & reporting tools, research, and regulatory services.

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