Deal Description: The shareholders of Rimes, a leading provider of EDM (enterprise data management) as a service and investment platform solutions to the global investment community, have entered into an agreement to sell Rimes to Five Arrows, the alternative assets arm of Rothschild & Co. Five Arrows targets category‑leading B2B data and software sectors across a focused set of end‑markets including financial technology.

Rimes serves 60 of the world’s top 100 asset managers, as well as the 10 largest asset servicers in the world.

The transaction is subject to customary regulatory approvals and is expected to close in the coming months.

Baker Botts represented the founder shareholders in the transaction and provided English law advice. Reitler Kailas & Rosenblatt co-advised and acted as US counsel.

In 2020, Baker Botts and Reitler Kailas & Rosenblatt acted for the founder shareholders on matters relating to EQT’s investment into Rimes.

Baker Botts Lawyers Involved:

Corporate: Costa Smith (Special Counsel, London), Stuart Blythe (Partner, London).

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