On the Record · DST Systems
DST Systems acquisitions, on the record
The businesses DST Systems bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
kasina LLCWord for word“On January 1, 2015, we acquired all of the membership interests of kasina LLC, a strategic advisory firm to the asset management industry for $9.0 million of upfront cash consideration and up to $5.0 million of performance-related contingent consideration.” 10-K for 2015 | acquisition | January 1, 2015 | $9.0 million of upfront cash consideration and up to $5.0 million of performance-related contingent consideration |
Red Rocks Capital LLCWord for word“On July 31, 2015, we acquired all of the membership interests of asset manager Red Rocks Capital LLC, which focuses on listed private equity and other private asset investments, for $45.0 million of upfront cash consideration and up to $20.0 million of performance-related contingent considerations.” 10-K for 2015 | acquisition | July 31, 2015 | $45.0 million of upfront cash consideration and up to $20.0 million of performance-related contingent considerations |
Wealth Management Systems Inc.Word for word“On August 21, 2015, we acquired all of the outstanding common stock of Wealth Management Systems Inc., a provider of technology-based rollover services, for $64.0 million of cash consideration.” 10-K for 2015 | acquisition | August 21, 2015 | $64.0 million of cash consideration |
Kaufman Rossin Fund Services LLC (KRFS)Word for word“On February 24, 2016, we acquired all of the membership interests of Kaufman Rossin Fund Services LLC (“KRFS”), for $95.0 million in cash, subject to certain adjustments.” 10-K for 2015 | acquisition | February 24, 2016 | $95.0 million in cash, subject to certain adjustments |
ALPS Holdings, Inc., Newkirk Products, Inc., Lateral Group Limited, Intellisource Healthcare Solutions, Finix Business Strategies, LLC, Finix Converge, LLC and Subserveo, Inc.Word for word“In 2011, we acquired the following businesses: ALPS Holdings, Inc., Newkirk Products, Inc., Lateral Group Limited, Intellisource Healthcare Solutions, Finix Business Strategies, LLC, Finix Converge, LLC and Subserveo, Inc.” 10-K for 2015 | acquisition | 2011 | — |
North American Customer Communications businessWord for word“we sold our North American Customer Communications business for cash consideration of $410.7 million on July 1, 2016.” 10-K for 2016 | divestiture | July 1, 2016 | $410.7 million |
U.K. Customer Communications businessWord for word“Additionally, during the second quarter 2016, our Board of Directors approved a plan for management to divest of our U.K. Customer Communications business.” 10-K for 2016 | agreed divestiture | — | — |
wholly-owned foreign subsidiary providing water billing software and servicesWord for word“Additionally, in November 2016, we sold a wholly-owned foreign subsidiary that provides water billing software and services solutions for cash consideration of approximately $6.1 million , subject to customary working capital post-closing adjustments.” 10-K for 2016 | divestiture | November 2016 | approximately $6.1 million |
Billing Solutions businessWord for word“We recorded a pretax gain of $5.5 million on the sale of the business during 2016.” 10-K for 2016 | divestiture | during 2016 | — |
Global SolutionsWord for word“On November 30, 2014, we sold Global Solutions for cash consideration of $95.0 million , subject to customary working capital post-closing adjustments.” 10-K for 2016 | divestiture | November 30, 2014 | $95.0 million |
U.K. Customer Communications Bristol production facilitiesWord for word“In April 2016, we completed the sale of our U.K. Customer Communications’ Bristol production facilities for pretax proceeds totaling approximately $16.0 million .” 10-K for 2016 | divestiture | April 2016 | approximately $16.0 million |
State Street's ownership interest in BFDSWord for word“The BFDS acquisition was effectuated through a non-taxable exchange of our State Street common stock with a fair value of $163.4 million for State Street’s ownership interest in BFDS.” 10-K for 2017 | acquisition | — | $163.4 million |
State Street's ownership interest in IFDS U.K., IFDS Percana and IFDS Realty U.K.Word for word“We also acquired State Street’s ownership interest in IFDS U.K., and IFDS L.P.’s ownership in IFDS Percana and IFDS Realty U.K. for total cash consideration of $234.9 million .” 10-K for 2017 | acquisition | — | $234.9 million |
Kaufman Rossin Fund Services LLCWord for word“On February 24, 2016, we acquired all of the membership interests of Kaufman Rossin Fund Services LLC (“KRFS”), an independent, full-service provider of specialized hedge fund administration services to the global financial community.” 10-K for 2017 | acquisition | February 24, 2016 | — |
wholly-owned foreign subsidiary providing water billing software and services solutionsWord for word“In November 2016, we sold a wholly-owned foreign subsidiary that provides water billing software and services solutions for cash consideration of approximately $6.1 million .” 10-K for 2017 | divestiture | November 2016 | approximately $6.1 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $93.5 million | $61 million |
| 2017-12-31 | $38.9 million | $265.4 million |
Deal filings since 2016
- 2018-04-16 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-01-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-03-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-07-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-07-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-06-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from DST Systems’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2018-02-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.