State Street to buy Charles River Development
State Street Corp agreed July 20 to buy Charles River Development. Financial terms weren’t announced but press reports pegged the deal at $2.6 billion. Charles River, of Burlington, Massachusetts, provides investment management software for the institutional investment, wealth management and hedge fund industries. Buyouts reported news of the sales talks between Charles River and State Street in February. Mike Esposito and Jason Eisenstadt of Goldman Sachs provided financial advice to State Street.
20 July 2018•2 mins read
