Travers Smith private equity partner Paul Dolman has advised the shareholders of Matrix-Data Limited on the sale of 60% of the company to FactSet Research Systems Inc (NYSA:FDS) for £12,000,000 with the ability for Factset to acquire the remaining 40% interest for an aggregate consideration for 100% of the share capital of £20,000,000.

Headquartered in London, Matrix-Data is a market leading provider of business intelligence solutions to the UK financial services and European ICT sectors. Matrix develops customer, channel and bench market solutions that help client optimise product distribution, improve market effectiveness and increase bottom line revenue.

The Travers Smith team included corporate associate Genevieve McDermott and tax partner Kathleen Russ. FactSet was advised by Mills & Reeve.