The Bank of New York Mellon Acquires Archer Holdco, LLC
September 5, 2024
The Bank of New York Mellon Corporation (BNY) entered into a definitive agreement on September 5, 2024 and closed its acquisition of Archer Holdco, LLC (Archer) on November 1, 2024. Archer is a technology-enabled provider of managed account middle- and back-office solutions for asset and wealth managers; the acquisition expands BNY’s managed-account manufacturing, distribution and servicing capabilities across retail, private wealth and institutional channels. Financial terms were not disclosed; BNY and Archer were advised by BofA Securities / Sullivan & Cromwell and Raymond James / DLA Piper, respectively, and private equity investor LLR Partners (an Archer investor since 2021) was referenced in the announcement.
- Buyers
- The Bank of New York Mellon Corporation (BNY)
- Targets
- Archer Holdco, LLC (Archer)
- Sellers
- LLR Partners
- Industry
- Financial Services
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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