New York–(work wire) –ingenuity 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 company that provides high-quality, cost-effective analytical and research support to financial institutions. This acquisition will allow Acuity to provide enhanced KPO support and help streamline the operations of financial firms globally. The financial terms of the deal were not disclosed.
Cians Analytics enables investment banks, private equity funds, and corporations to spend more time while significantly reducing operating costs. Its diverse pool of talent, including financial researchers, developers, and data scientists, allows Cians’ internal teams to better focus on strategic initiatives and increased production. Challenging economic conditions, migration of financial talent to the technology sector, and turmoil in the field of financial services have greatly increased the demand for these services. Cians’ product offering also includes LeverData, a data ingestion, validation and management platform that helps customers eliminate data reliability issues that often plague financial services companies, saving them money, resources, and valuable time.
The acquisition marks Acuity’s first proven transaction since it was purchased by Equistone, a leading European mid-market private equity investor, in 2019. Following the acquisition, all Cians employees will join Acuity’s workforce, bringing its global employee count to More than 5500 employees.
“Cians Analytics has proven, over the years, that they are dedicated to quality work and best-in-class service to all of their clients,” He said CEO of Acuity Knowledge Partners, Robert King. “Given our common cultures and service offerings, the opportunity to integrate our teams and provide quality services to a larger client base was a compelling one. Acuity Post-transactions will support more than 500 banking and financial companies worldwide. This transaction also supports the significant growth we have seen, and continue to target, in key markets such as the US.”
“Combining both companies not only increases the capabilities we can offer to our combined client group, but also allows our employees and clients to have a truly global workforce and expertise,” Founding Partner and Co-CEO of Cians Analytics, Anmol Bhandari. “We often saw each other in posts and at the market. It ultimately made sense for the merger to take place in order to truly integrate offerings and customers and give customers and employees the best that both companies could offer.”
“This is a win-win situation for our most important stakeholders, our customers, and our employees.” Cians Analytics Co-Founder and CEO, Aman Choudary, said:. “Both companies have a history of providing high quality services to a distinguished and sophisticated client group spread across the world. While both companies work with similar types of clients, our services and focus areas are often complementary to one another. This positions the combined company as a standout company in our industry.”
Speaking of the deal, Tim Swales, Partner at Equistone: “Robert and his team have done an excellent job driving strong organic growth over the past three years. At Cians, we recognized an opportunity to complement this, by supporting the acquisition of a company with a strong and highly integrated client base. By enhancing the range of products available to customers, we believe this transaction has the potential to further accelerate Acuity’s growth over the coming years.”
Cians were notified about the deal 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 Knowledge Partners
Equity Knowledge Partners is a leading research, analytics and business advisory firm in the financial services sector. 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, unleash their human capital, increase revenue and transform operations. It specializes in investment banking, investment research, private equity, advisory and commercial lending. Acuity is headquartered in London and operates from nine locations worldwide. In 2019, the company was incorporated as a separate business from Moody’s Corporation through its acquisition from Equistone Partners. www.acuitykp.com
About CIANS ANALYTICS
Founded in 2009 by Anmol Bhandari and Aman Chowdhury, Cians Analytics provides high-quality, cost-effective research and analytics support to global investment banks, private equity funds, corporations, and portfolio companies, enabling them to do more with their time and dramatically reduce operating costs. Cians supports financial clients across the entire transaction spectrum from initial investment screening, business and financial due diligence, market entry/market sizing to company/market update maintenance work after portfolio closure. Cians Analytics workforce – known for its industry-leading employee retention rate – consists of individuals with a high level of expertise in investment banking and research, equity research, and general business research and analytics. Cians’ value proposition lies in the flexibility of the sharing model, allowing customers to take full control, adding capacity and operational capability while ultimately lowering costs. For more information, please visit the website www.ciansanalytics.com
ABOUT EQUISTONE PARTNERS IN EUROPE
Equistone is an independent investment company wholly owned and managed by its executive directors. The company is one of Europe’s leading investors in mid-market acquisitions, with a proven and consistent track record spanning more than 40 years, with more than 400 deals completed in this period. Equistone has a strong focus on changing ownership deals and aims to invest between €25 million and €200 million+ of equity in several companies. The company has a team of more than 40 investment professionals working across France, Germany, Switzerland and the UK, investing as a strategic partner along with the management teams. Equistone is currently investing its Sixth Acquisition Fund, which held a final close at a maximum of €2.8 billion in March 2018, and recently launched the Equistone Reinvestment Fund, with a mandate to reinvest the minority together with new sponsors affiliated with the portfolio company. Exit one of the major buyout funds. Equistone is authorized and regulated by the Financial Conduct Authority. More information can be found at www.equistonepe.com.