Five Arrows acquires Rimes from EQT

Rimes, a provider of enterprise data management-as-a-service and investment platform solutions, and a portfolio company of EQT, will be acquired by Five Arrows, the alternative assets arm of Rothschild & Co.

The investment has been jointly led by the Five Arrows Long Term Fund and Five Arrows Principal Investments. Five Arrows targets B2B data and software sectors across end‑markets including financial technology.

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Rimes was founded in 1996. Its customers represent more than $75tn in global AUM, according to a press release.

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

EQT and Rimes were advised by Evercore and Latham and Watkins. Five Arrows was advised by Jefferies and Shoosmiths.

 

Source:Private Equity Wire

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