Funds advised by Permira have acquired a majority stake in Acuity Knowledge Partners, a provider of research, analytics and business intelligence to the financial services sector, from mid-market private equity investor Equistone Partners Europe.
Funds advised by Permira have acquired a majority stake in Acuity Knowledge Partners (Acuity), a provider of research, analytics and business intelligence to the financial services sector, from mid-market private equity investor Equistone Partners Europe (Equistone).
As part of the deal, Equistone is to reinvest in Acuity as a minority shareholder.
Acuity’s management team also remains significantly invested in and committed to the business.
Acuity Knowledge Partners serves a global client base of over 500 financial services firms, including banks, asset managers, advisory firms, private equity houses and consultants.
Financial terms of the deal, which is subject to customary regulatory approvals, is expected to close in the second quarter of 2023, have not bee disclosed.
Equistone was advised on the transaction by Rothschild & Co and DC Advisory, and Latham & Watkins acted as legal counsel. Robert W Baird Limited served as financial advisers to Permira, and Clifford Chance is acting as legal counsel. Management was advised by Travers Smith and Jamieson.
