Information Technology
Five Arrows Acquires Rimes from EQT
In October 2021 , Rimes further complemented its product offering with the acquisition of Matrix IDM, which added a powerful Investment Management Platform and data distribution and warehousing solutions. Today, Rimes is well-positioned to facilitate its customers' strategic operating model transformations and to power AI-led investment strategies.
"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."
"The Rimes team impressed us with their ambitious vision and their strong track-record of growing and scaling Rimes in a deeply customer-centric way. This is evidenced by industry-leading levels of customer satisfaction, and a history of solving a growing share of painpoints for customers through continuous innovation. We are confident that Rimes is uniquely positioned to continue to support its customers' expanding needs."
"We are delighted to be partnering with Brad and the team to unlock the next chapter of Rimes' growth. We share in Rimes' strategic vision centered around solving financial institutions' most complex data problems across geographies, asset classes and customer types. We are thrilled to have the opportunity to support Rimes."
"We were delighted when co-founder Christian Fauvelais chose to partner with EQT to pursue our shared vision of transforming it into a global leader in EDMaaS solutions for the investment industry. It has been a pleasure working alongside management, and the entire Rimes team to accelerate the Company's growth."
, added, "We believe Rimes has an incredibly bright outlook and is well-positioned to continue to deliver for its clients. We are grateful to have had the opportunity to partner with such an innovative and talented team and we are confident that they will continue to be successful with the support of Five Arrows."
The transaction is subject to customary regulatory approvals and is expected to close in the coming months.
EQT and Rimes were advised by Evercore (corporate finance) and Latham and Watkins (legal). Five Arrows was advised by Jefferies (corporate finance) and Shoosmiths (legal).
Rimes provides transformative enterprise data management solutions to the global investment community. Driven by our passion for solving the most complex data problems, we provide our clients with investment intelligence that powers more than USD 75 trillion in AUM annually. The world's leading institutional investors, asset managers and service providers rely on Rimes to help them make better investment decisions using accurate information and industry-leading technology. For more information, please visit www.rimes.com.
Five Arrows is the alternative assets arm of Rothschild & Co and has EUR 26 billion AuM with offices in Paris , London , New York , Los Angeles , San Francisco and Luxembourg . With over EUR 9 billion of assets under management, the corporate private equity business of Five Arrows is focused on investing in companies with highly defensible market positions; strong management teams; business models with high visibility of organic unit volume growth and strong unit economics; and multiple operational levers that can be used to unlock latent value. Sectors are limited to data and software, technology–enabled business services and healthcare. For more information, please visit www.rothschildandco.com/en/five-arrows/corporate-private-equity
EQT is a purpose-driven global investment organization with EUR 232 billion in total assets under management ( EUR 130 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe , Asia-Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.
More info: www.eqtgroup.com
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