- Rimes:
- Provides enterprise data management and investment intelligence solutions for asset managers.
- Supported by EQT since 2020 with a significant growth investment.
- Offers Matrix IDM, acquired in 2021, and launched a new AI product division in the same year.
- Acquisition by Five Arrows:
- EQT has agreed to sell Rimes to Rothschild & Co.’s alternative assets unit Five Arrows.
- Five Arrows has global assets under management exceeding €26 billion.
- Leveraged its long-term fund FALT and principal investments division FAPI for the acquisition.
- Transaction expected to close in the coming months, subject to regulatory approval.
- Impact:
- Rimes CEO Brad Hunt believes the acquisition will build upon the company’s strong momentum.
- Five Arrows aims to unlock the next chapter of Rimes’ growth according to FAPI partners Vivek Kumar and Sacha Oshry.
EQT to sell data management tech firm Rimes to Five Arrows
