Latham Advises EQT in Significant Growth Investment in RIMES

The deal supports RIMES’ vision to be the global leader in Managed Data Services.

February 04, 2020

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.

Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.