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Mills & Reeve advises FactSet on strategic acquisition

20 Dec 2013

Mills & Reeve acted for FactSet Research Systems Inc. (NYSE:FDS) (NASDAQ:FDS) on its strategic acquisition of a majority stake in Matrix-Data Limited, with the right to acquire the remainder of the company.

FactSet is a global financial data and software company headquartered in Connecticut, United States providing financial information and analytic software for investment professionals. FactSet's annual sales for the fiscal year ended 31 August 2013 were $858 million and it has a market capitalisation of $4.8 billion. Matrix-Data is a leading UK data owner and business intelligence agency operating in the financial sector.

The Mills & Reeve team was led by corporate finance partner Anthony McGurk. Commenting on the deal, Anthony said: “This was a complex transaction and drew on expertise from across the firm, including tax, employment, real estate, pensions, IP and IT. We are delighted to have been appointed by FactSet on this acquisition, our first instructions for them, and to have been able to complete the deal in such a tight timescale.”

Matter Type
M&A: Acquiror's Counsel
Industry
Technology, Media & Telecoms
News Category
M&A
Technology, Media & Telecoms