Rimes Wards off Sale Speculation with Investment from EQT
A sale was originally reported, but this PE investment will allow the firm to grow its ESG, ETF offering while considering a sale at a later time.
In mid-December, Barron’s reported that Rimes Technologies was up for sale. The data management specialist, which has been growing its sphere of influence in the regtech space, was reported producing “annual earnings before interest, tax, depreciation and amortization (Ebitda) of $20 million to $25 million,” and that it was “expected to sell for a ‘big price,’…which some pegged at around $400 million to $500 million,” according to the article.
In various publications, several of the largest
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