| Background |
| Husband-and-wife team of David Farrington and Carrie Thomas combined their Wall Street experience and started Capital Access International (CAI), a company focused exclusively on the information needs of the global fixed income community. Later, they accepted growth capital from a venture capital firm. Over time, Dave and Carrie and their team grew CAI into the industry’s leading provider of institutional investor profile information and bond ownership analysis to thousands of fixed income professionals on both the buy- and sell-side. In the classic vein of entrepreneurs the world over, David and Carrie reached a point where they were ready to move on to other challenges and enjoy the fruits of their labor – and their venture partner was ready for liquidity. The time was right: they had built a company that was worth millions on paper, but they had limited liquidity and the thought of raising the additional capital needed to expand CAI into a global enterprise held little appeal for them. Dave and Carrie concluded that they should see if there was a suitable strategic partner that could help them take the company to the next level. They engaged M&A to provide strategic and financial advice. |
| Overiew of Transaction |
- On December 2, 2002 CAI was acquired by Lipper, Inc a wholly owned subsidiary of Reuters plc. Lipper provides mutual fund information, analytical tools, and commentary to asset managers, fund companies, financial intermediaries, traditional media, websites, and individual investors. The transaction allowed sellers to get liquidity and strengthened Lipper’s data on fixed income securities globally. The terms of the transaction were not disclosed.
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| M&A Role |
- M&A was the exclusive strategic and financial advisor to Capital Access International.
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Press Release | Case Study |
