Acuity Knowledge Partners, backed by Equistone, acquires Cians Analytics, cementing a leadership position in the global financial services outsourcing market

Acuity Knowledge Partners, backed by Equistone, acquires Cians Analytics, cementing a leadership position in the global financial services outsourcing market

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NEW YORK–(COMMERCIAL WIRE)–Acuity Knowledge Partners (“Acuity”), a leading provider of high-value research, analytics and business intelligence to the financial services industry, today announced the acquisition of Cians Analytics (“Cians”), a provider of , research profitable and analytical support for financial institutions. This acquisition will enable Acuity to offer enhanced support in the field of knowledge process outsourcing (KPO) and help streamline the operations of financial firms globally. Financial terms of the transaction were not disclosed.

Cians Analytics enables investment banks, private equity funds, and corporations to do more with their time while significantly reducing operating costs. Its diverse pool of talent, including financial researchers, developers, and data scientists, enables Cians’ internal client teams to better focus on strategic initiatives and increase production. Challenging economic conditions, the migration of financial talent to the technology sector, and disruptions in the financial services space have significantly increased the demand for these services. Cians’ product offering also includes LeverData, a proprietary data ingestion, validation and management platform that helps clients eliminate the data reliability issues that often plague financial services firms, saving them money, resources and resources. valious time.

The acquisition represents the first add-on transaction by Acuity since its purchase by Equistone, a leading European mid-market private equity investor, in 2019. Following the acquisition, all Cians employees will join the Cians workforce. Acuity, growing its global workforce to more than 5,500 employees.

Cians Analytics has proven, over the years, that it has a dedication to quality work and best-in-class service for all of its clients.” said CEO of Acuity Knowledge Partners, Robert King. “Given our shared cultures and service offerings, the opportunity to combine our teams and deliver high quality services to a larger client base was compelling. Post-transaction Acuity will support more than 500 banking and financial services companies worldwide. This deal also supports the significant growth we have seen, and continue to see, in key markets like the US.”

Combining both firms not only increases the capabilities we can offer our combined client set, but also allows our employees and clients to have a truly global experience and team engagement.” said Cians Analytics Co-Founder and Co-CEO Anmol Bhandari. We often saw each other at engagements and at the market. Ultimately, it made sense to combine to truly consolidate offerings and customers and provide customers and employees with the best that both companies have to offer.”

This is a win-win situation for our most important stakeholders, our customers and our employees.” said Cians Analytics Co-Founder and Co-CEO Aman Chowdhury. “Both companies have a history of providing high-quality services to a diverse set of demanding and sophisticated clients around the world. While both firms work with similar types of clients, our services and areas of focus are often complementary. This establishes the combined company as the preeminent company in our industry.”

Speaking of the transaction, Tim Swales, a partner at Equistone, said: “Robert and his team have done an excellent job driving strong organic growth over the last three years. At Cians we recognized an opportunity to complement that, by supporting the further acquisition of a company with a similarly strong and highly complementary customer base and service offering. By strengthening the suite of products available to customers, we believe this transaction has the potential to further accelerate Acuity’s growth in the years to come.”

Cians was advised on the transaction by Grant Thornton, Mayer Brown and Phoenix Legal, while Acuity was advised by BDA Partners (William Blair), Latham & Watkins, AZB Partners and Baker Hostetler.

ABOUT ACUITY KNOWLEDGE PARTNERS

Acuity Knowledge Partners is a leading research, analytics and business intelligence consultant to the financial services industry. The company’s network of analysts and industry experts, combined with advanced data and technology, supports more than 420 financial institutions and consulting firms worldwide to operate more efficiently and unlock their human capital, driving higher revenues. and transforming operations. He specializes in investment banking, investment research, private equity, and business lending and consulting. Acuity is based in London and operates from nine locations around the world. In 2019, the company was established as a separate business from Moody’s Corporation through its acquisition of Equistone Partners. www.acuitykp.com

ABOUT CIANS ANALYTICS

Cians Analytics was founded in 2009 by Anmol Bhandari and Aman Chowdhury, to provide high-quality, cost-effective research and analytical support to global investment banks, private equity funds, corporations and portfolio companies, enabling them to do more with their time and money. significant way. reduce operating costs. Cians supports financial clients across the full spectrum of transactions, from initial investment appraisal, business and financial due diligence, and market entry/market size to market/company upgrade maintenance work. post-closing portfolio. Known for its industry-leading employee retention rate, Cians Analytics’ workforce is comprised of individuals who provide the highest caliber of expertise in investment banking and research, equity research, and general business research and analysis. Cians’ value proposition lies in the flexibility of its engagement model, allowing clients to be in full control, adding capacity and operational capacity, and ultimately reducing costs. For more information visit www.ciansanalytics.com

ABOUT EQUISTONE EUROPE PARTNERS

Equistone is an independent investment firm wholly owned and managed by its executives. The company is one of Europe’s leading investors in middle market acquisitions with a strong and consistent track record spanning over 40 years, with over 400 transactions completed in this period. Equistone has a strong focus on change-of-ownership deals and aims to invest between €25 million and more than €200 million of capital in various businesses. The firm has a team of over 40 investment professionals operating in France, Germany, Switzerland and the UK, investing as a strategic partner alongside the management teams. Equistone is currently investing in its sixth buyout fund, which had a final close at its €2.8bn cap in March 2018, and recently launched the Equistone Reinvestment Fund, with a mandate to make minority reinvestments alongside new sponsors after a portfolio company. exit of one of its main purchase funds. Equistone is authorized and regulated by the Financial Conduct Authority. More information can be found at www.equistonepe.com.

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