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Announced

Completed

Preqin completed the acquisition of Colmore.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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investment management services

Asset Managers and Custodians

Domestic

United Kingdom

Acquisition

Friendly

Private

Completed

Majority

Single Bidder

Synopsis

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Preqin, a data platform that provides access to private capital and hedge fund data sets and tools, completed the acquisition of Colmore, a provider of investment management services intended to serve the private capital markets. Financial terms were not disclosed. "It's a huge day for Colmore. We're delighted to announce our partnership with Preqin. Clients will get the best of our administration, monitoring and fee validation services, enhanced by Preqin's global private markets data. Clients will be able to see their invested fund information, together with wider industry data, all in one place. We're really excited about the future," Ben Cook, Colmore CEO.

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