Mergermarket Group, a media firm specialising in financial news and analysis, has snapped up London-based investment advisory firm TIM Group for an undisclosed sum.
TIM, founded in 2002, facilitates electronic distribution of equity trade ideas and investment recommendations through its independent distribution platform.
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It has offices in London, New York and Hong Kong, and works with over 3,000 equity sell-side contributors across 300 investment banks and brokerages.
Mergermarket CEO Hamilton Matthews said that the deal would solidify its position as a provider of market-critical information.
“Through the acquisition of TIM Group we are delighted to strengthen our position as a trusted source of market-critical information. The acquisition will deepen our reach into the buy-side and enable us to distribute the rich data sets in Mergermarket Group’s portfolio. As the buy-side increasingly turn to technology to support their investment decisions, we will be in a prime position to support our subscribers, especially those trading systematic and quantitative strategies,” Matthews stated.
TIM co-founder and CEO Rich Koppel added: “As part of Mergermarket Group, we will more effectively service and expand our network of regulated fund managers, investment banks, brokerage firms and research providers. We will complement our trade ideas offerings with data derived from Mergermarket Group’s proprietary offerings.”
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