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M&A Deal Summary

Five Arrows Acquires RIMES

On April 9, 2024, private equity firm Five Arrows acquired information technology company RIMES from EQT

Acquisition Highlights
  • This is Five Arrows’ 4th transaction in the Information Technology sector.
  • This is Five Arrows’ 9th transaction in the United States.
  • This is Five Arrows’ 1st transaction in New York.

M&A Deal Summary
Date 2024-04-09
Target RIMES
Sector Information Technology
Buyer(s) Five Arrows
Sellers(s) EQT
Deal Type Secondary Buyout
Advisor(s) Evercore Group (Financial)
Latham & Watkins (Legal)

Target

RIMES

New York, New York, United States
RIMES is a provider of managed data services and regulatory solutions for the buy side. RIMES is a pioneer provider of cloud-based technology that delivers highly customized financial data over the Internet. RIMES was founded in 1996 and is based in New York City.

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Buyer(S) 1

Buyer

Five Arrows

Paris, France

Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 24.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Five Arrows Principal Investments is a mid-cap investor in Western European companies. Five Arrows can invest across the capital structure (equity, equity-linked, mezzanine, convertible debt) and generally focused on primary or secondary buyouts, growth financings, and balance sheet restructurings. The Group does not have any sector preferences, but typically looks for businesses with high barriers to entry and predictable earnings. Five Arrows can commit €30 to €400 million per investment. Five Arrows is a unit of Rothschild Bank. The Group has offices in Paris, Luxembourg, and London.

DEAL STATS #
Overall 53 of 55
Sector (Information Technology) 4 of 4
Type (Secondary Buyout) 33 of 34
State (New York) 1 of 1
Country (United States) 9 of 9
Year (2024) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-25 n2y

Huron, Ohio, United States

n2y is a developer of education curricula and teaching materials for K-12 students with special needs. n2y offers its products to teachers and school administrators through a cloud-based subscription platform. n2y’s core products include Unique Learning System, a standards-based curriculum program designed specifically for students with special needs; news-2-you, a weekly current events newspaper; and SymbolStix, a symbol-based language used in learning materials. n2y was founded in 1997 and is based in Huron, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-27 Harvest

Paris, France

Harvest is a software editor and digital solutions creator for wealth management and finance professionals. Harvest was founded in 1989 and is based in Paris, France.

Sell -

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 181 of 190
Sector (Information Technology) 12 of 14
Type (Secondary Buyout) 55 of 58
State (New York) 3 of 3
Country (United States) 25 of 27
Year (2024) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-08 Universidad Europea

Madrid, Spain

Universidad Europea is a network of higher education offering undergraduate and graduate degree programs and an international, innovative education tailored to today's job market. Universidad Europea is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-03 WSO2

Santa Clara, California, United States

WSO2 provides application development and identity and access management software to enterprises globally, with over 80% of revenue coming from blue-chip customers in the Americas and EMEA. WSO2 was founded in 2005 and is based in Santa Clara, California.

Buy -
Mergr

Product

Company

Legal