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Rimes

Rimes

mayo 2024
North America, > £500m

Liberty advises the management team of Rimes on their acquisition by Five Arrows

Liberty Corporate Finance is pleased to announce that they have advised the management team of Rimes on the acquisition by Five Arrows Long Term Fund and Five Arrows Principal Investments (together “Five Arrows”) from EQT Mid Market Europe (“EQT”).  

Founded in 1996, Rimes is a trusted partner to the world's largest asset managers and asset owners, with its customers representing more than USD 75 trillion global assets under management. The Company helps its clients solve complex data problems, applying capabilities refined over 25 years, including an ecosystem of more than 800 data partners and deep domain expertise in investment data. Powered by its proprietary, multi-tenant cloud technology platform, Rimes’ data management solutions empower its clients to make better investment decisions using reliable data, while improving cost efficiency, and reducing operational risk.

Since EQT’s initial investment in 2020, it has supported Rimes in accelerating its growth and deepening its client relationships by expanding its market-leading B&I solutions to cover full-spectrum EDMaaS. 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.

The transaction is subject to customary regulatory approvals and is expected to close in the coming months.