Nov 24 (Reuters) - Mainstreambpo Ltd (MAI) -
- Asx alert-european acquisition-mai.ax
- Mainstreambpo purchases Alter Domus' hedge fund administration business in malta
- Signed an asset sale agreement to purchase European hedge fund administration business of Alter Domus
- Transaction will positively impact its fy18 revenue and earnings, with any fy17 revenue contribution likely to be negated by set up and transition costs
- Sale involves a number of long term client contracts for fund administration services provided out of malta
- Associated annualised revenue from acquisition of up to aud 1 million will be recurring revenue from monthly service fees
