Equistone-backed Acuity Knowledge Partners buys Cians Analytics

• Cians was advised on the transaction by Grant Thornton, Mayer Brown and Phoenix Legal, while Acuity was advised by BDA Partners, Latham & Watkins, AZB Partners and Baker Hostetler
• Equistone acquired Acuity in 2019
• Cians Analytics was founded in 2009 by Anmol Bhandari and Aman Chowdhury

Acuity Knowledge Partners, which is backed by Equistone, has acquired New York and India-based Cians Analytics, a provider of research and analytical support for financial institutions. No financial terms were disclosed.

Cians Analytics enables investment banks, private equity funds and corporations to do more with their time while significantly reducing operating costs.

Equistone acquired Acuity in 2019. Following the acquisition, all Cians employees will join the Acuity workforce, taking its global headcount to over 5500 employees.

“Cians Analytics has proven, throughout the years, that they have a dedication to quality work and best-in-class service to all of their clients,” said Acuity Knowledge Partners CEO, Robert King, in a statement. “Given our shared cultures and service offerings, the opportunity to combine our teams and provide high-quality services to a larger client base was a compelling one. Post-transaction Acuity will support over 500 banking and financial services firms worldwide. This deal also supports the significant growth we have seen, and continue to target, in key markets such as the U.S.”

Cians was advised on the transaction by Grant Thornton, Mayer Brown and Phoenix Legal, while Acuity was advised by BDA Partners (William Blair), Latham & Watkins, AZB Partners and Baker Hostetler.

Acuity Knowledge Partners is a research, analytics, and business intelligence consultant to the financial services sector.

Cians Analytics was founded in 2009 by Anmol Bhandari and Aman Chowdhury.
Equistone is a European mid-market buyout firm.