48 EQT Mid Market Europe, along with its co-shareholders, has reached an agreement to divest Rimes, a global enterprise data management solutions provider for the investment industry, to Five Arrows. Five Arrows, the alternative assets division of Rothschild & Co, is set to acquire Rimes in a move that underscores strategic growth and market evolution. Established in 1996, Rimes has emerged as a trusted ally to some of the world’s largest asset managers and owners, boasting clients with over USD 75 trillion in global assets under management. Leveraging over 25 years of experience, Rimes assists clients in navigating intricate data challenges by leveraging an extensive ecosystem of more than 800 data partners and profound expertise in investment data. Powered by its proprietary multi-tenant cloud technology platform, Rimes equips clients with robust data management solutions, enhancing decision-making processes, cost efficiency, and operational risk mitigation. EQT’s involvement since its initial investment in 2020 has facilitated Rimes’ accelerated growth trajectory and fortified client relationships. Notably, Rimes expanded its market-leading solutions to encompass comprehensive Enterprise Data Management as a Service. The acquisition of Matrix IDM in October 2021 further enriched Rimes’ product portfolio, introducing a robust Investment Management Platform alongside data distribution and warehousing solutions. Presently, Rimes stands poised to spearhead its clients’ strategic operational model transformations and fuel AI-driven investment strategies. You Might Be Interested In Surge in Individuals Making Additional National Insurance Payments Israel-Palestine Conflict Ripples: Global Economy, India-Israel Trade, and Financial Markets on Alert Viacom18 secures broadcasting rights for the 2024 Paris Olympics Britannia Anticipates A Five-Fold Increase In CheeseBiz In Five Years Tesla Stock Surges Despite Third-Quarter Sales Challenges Saudi Arabia’s $7,000 per person fuel subsidies highest in G-20 economies