Shoosmiths acts as legal advisors on latest Five Arrows acquisition
April, 2024 - Milton Keynes, England
Law firm Shoosmiths is advising Five Arrows, the alternative investment arm of Rothschild & Co, on its acquisition of Rimes – a leading provider of EDM (enterprise data management) as-a-service and investment platform solution to the global community.
Data management company Rimes, which was founded in 1996, serves 60 of the world’s top 100 asset managers, as well as the 10 largest asset servicers in the world.
The investment has been led jointly by the Five Arrows Long Term Fund (FALT) and Five Arrows Principal Investments (FAPI), together “Five Arrows”. Five Arrows targets category-leading B2B data and software sectors across a focused set of end-markets including financial technology, with over €9 billion of assets under management.
A team of experts from Shoosmiths’ private equity (PE) team are advising on the deal, led by corporate partners Amit Nayyar and Claire Checketts, with further support from partners Aleks Bosch, Kiran Dhesi, Elizabeth Ward and competition partner Simon Barnes. Corporate advice has also been provided by senior associates Brodie Thomson and Lawrence Renny, legal director Ami Bhatt, and associates Nathan Turley and Bruce Fitzpatrick.
Private Equity is one of Shoosmiths’ key markets and the team features in the top five most active UK law firms advising on private equity transactions, according to Pitchbook Global league tables 2023. The firm’s impressive track record includes advising on establishing funds, MBO/MBI investments, developing portfolio companies including 'buy and build' structures, restructuring and exit strategies.
Amit Nayyar, corporate partner and head of private equity at Shoosmiths, commented: “It is fantastic to once again support Five Arrows as they invest in a business which truly offers transformation within the data management market it serves. This significant investment relied upon the hard work and expertise of our team, and this acquisition will no doubt lead to a future of continued growth for Rimes.”
The transaction is subject to customary regulatory approvals and is expected to close in the coming months.
