Five Arrows buys private equity-backed Rimes

by Aric Feil

Non-public equity agency EQT AB has agreed to sell Rimes Technologies to 5 Arrows, Rothschild & Co.’s alternative property division.

This news, announced by EQT, involves the company and its co-shareholders promoting Rimes to 5 Arrows Prolonged Term Fund (FALT) and 5 Arrows Main Investments (FAPI).

EQT to sell info management tech agency Rimes to 5 Arrows

Swedish Fintech agency EQT has agreed to sell Rimes to Rothschild & Co.’s alternative property unit 5 Arrows.

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The exact sale sign hasn’t been published, but Bloomberg Files experiences that the transaction values Rimes at wherever between 800 million euros ($852 million) and 900 million euros, which accommodates debt.

Headquartered in Contemporary York City, Rimes presents info and instruments for investment management. The agency became founded in 1996 and serves one of the important crucial biggest names in asset management globally, representing over $75 trillion in property below management. Its purchasers differ from Bank of Contemporary York Mellon Corp. in the U.S. to Shell Plc in the U.K.

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The partnership between EQT and Rimes dates support to February 2020, when EQT made a strategic investment in Rimes, aiming to bolster Rimes’ regulatory expertise and info management solutions.

The company’s entire suite of solutions comprises Matrix IDM, an investment info management platform got in 2021, and a newly established AI product division.

5 Arrows, with global property below management exceeding 26 billion euros ($27.6 billion), operates thru its prolonged-term fund FALT and predominant investments division FAPI.

Brad Hunt, CEO of Rimes, expressed enthusiasm about the acquisition, noting that it goes to gas Rimes’ ongoing momentum and narrate trajectory.

On their fragment, Vivek Kumar and Sacha Oshry from FAPI echoed equal sentiments, affirming their excitement about partnering with Rimes to navigate complex info challenges and pressure persisted success all thru geographies and industries.

Non-public equity companies are increasingly promoting off their portfolio companies as market valuations return to identical outdated phases following over a 300 and sixty five days and a half of of dealmaking.

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