Houlihan Lokey Advises EQT

Houlihan Lokey is pleased to announce that it has advised EQT on an investment in RIMES Technologies Corporation (RIMES), a leading provider of cloud-based managed data services (MDS) and regulatory technology (regtech) solutions to the buyside industry. The transaction was closed on 11 March 2020.

Based in Stockholm, Sweden, EQT is a leading investment firm with approximately €62 billion in raised capital and 19 currently active funds. EQT funds have portfolio companies in Europe, Asia, and the United States, with total sales of more than €21 billion and approximately 127,000 employees.

Founded in 1996, RIMES is a global provider of cloud-based MDS and regtech solutions to the buyside industry. RIMES's clients include pension plans and funds, private banks, sovereign wealth funds, insurers, and hedge funds. RIMES has experienced exceptional growth since inception, and EQT's investment will help the company unlock further opportunities across both of its key verticals.

Houlihan Lokey served as the financial adviser to EQT, a long-standing client of the firm's Data & Analytics Group, having previously advised the company on the sale of Bureau van Dijk to Moody's Corp., among other mandates. This recent transaction further strengthens the firm's leadership in the MDS, regtech, and wider fintech spaces.