The EQT Mid Market Europe fund (“EQT”) has announced a significant growth investment in RIMES. Together with Christian Fauvelais, RIMES’ CEO, President and Co-Founder, EQT will support and accelerate execution of RIMES’ strategic vision.
RIMES is a leading global provider of Managed Data Services (MDS) and regulatory technology (RegTech) software solutions that address the complex needs of leading financial institutions.
The investment in RIMES is in line with EQT’s commitment to invest in sustainable solutions, guided by the United Nations’ Sustainable Development Goals. RIMES is an emerging leader in ESG data for the investment management industry, contributing to society by providing high-quality data on sustainability and increasing transparency in the business community.
The transaction is subject to customary conditions and approvals and is expected to close in the first quarter of 2020.
Latham & Watkins advised EQT in the transaction with a team led by London corporate partners David Walker and Farah O’Brien, with associates Katie Peek, Hannah Berdal, and Alex Hughes, alongside Washington D.C. partner Nick Luongo and counsel Elizabeth More. London partner Dominic Newcomb, counsel William Lam, and associate Michael Spurritt are advising on the financing for the deal.