Announced
Financials
Tags
software development
Software
United States
financial managed data services
regtech platform
Acquisition
Domestic
Private
Pending
Majority
Private Equity
Friendly
Single Bidder
Synopsis
Five Arrows, the alternative assets arm of Rothschild & Co., agreed to acquire Rimes, a provider of EDM -as-a-Service and investment platform solutions to the global investment community, from EQT, a private equity firm. Financial terms were not disclosed. "Rimes has been on a significant growth trajectory over the last few years, and I am really proud of what our team has achieved. Today, Rimes combines the customer-centric ethos and deep domain expertise that has differentiated us since 1996 with the industry's most modern technology and an innovative, comprehensive product offering designed to address the investment data challenges of the future. This transformation would not have been possible without the support of EQT and our Board, and I would like to thank them for the highly successful partnership. We look forward to joining forces with Five Arrows to build upon our strong momentum going forward," Brad Hunt, Rimes CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.