AllianceBernstein to Buy Autonomous Research
Posted on 11/20/2018
AllianceBernstein (AB) agreed to acquire London-based Autonomous Research, a financial services and financial technology focused institutional research firm. Upon completion of the acquisition, each organization will retain its own unique business model, and, initially, its distinct brand identity. There is a long-term earn out part of the deal. The acquisition price was reportedly valued at US$ 110 million.
Autonomous Research was founded in 2009. The business is organized as a partnership with no outside investors.