Data Company Preqin Buys Colmore
Posted on 08/11/2021
Private equity data provider Preqin acquired Colmore. Colmore is involved in the private markets technology, services, and administration business. Preqin and Colmore closed the transaction on August 5, 2021. Colmore will be fully owned by Preqin and run as an independent and standalone business. The Colmore business operates from five offices located in New York and Dallas in the US, London and Birmingham in the U.K., and Zug in Switzerland. Terms of the acquisition were not disclosed. Houlihan Lokey acted as the exclusive financial advisor to Colmore on this transaction, with DC Advisory advising Preqin. Clifford Chance served as the legal advisor to Colmore, with DLA Piper advising Preqin.
Barings supported Preqin via a senior secured facility to finance the acquisition of Colmore.
