MUFG Investor Services Acquires UBS Global Asset Management’s Alternative Fund Services Business

Ropes & Gray represented MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group, in its agreement with UBS Global Asset Management to acquire its alternative fund services (AFS) business.

MUFG Investor Services provides asset servicing solutions including fund administration, custody, foreign exchange, trustee services, and depository to securities lending and other banking services. UBS Global Asset Management’s AFS business is a global fund administrator that provides professional services for hedge funds, private equity and real estate structures.

The transaction, announced June 18, is expected to close in the fourth quarter of 2015, subject to regulatory approvals and customary closing conditions.

The Ropes & Gray team was led by private equity partner Neill Jakobe (Chicago) and included tax partner Elaine Murphy (Boston); investment management partner Mark Nuccio (Boston); business & securities litigation partner William Sussman (New York); intellectual property transactions counsel Thomas Burke (New York); and private equity associate James Davis (Chicago).