Welsh Carson exits buy-side data management business AIM to SimCorp in €60m deal


Private equity house Welsh Carson Anderson & Stowe has exited buy-side data management business AIM to trade buyer SimCorp in a €60m deal.

SimCorp is a long-standing partner to AIM, which has 75 employees and recorded revenues of about €15.5m last year.

WCAS bought into Vienna-headquartered AIM at the beginning of 2019 by picking up a majority stake in the business.

AltAssets revealed last November that WCAS had reached about about $3.5bn for its ongoing Fund XIII raise, just a few months after its summer launch.

WCAS had already hit a $2.8bn first close for its flagship vehicle in August 2018, putting it well on the way to the $3.75bn goal previously reported by Buyouts.last

It collected $3.5bn for both Fund X and Fund XI, and closed Fund XII on $3.33bn in 2016 after drawing LP commitments from CalPERS, CalSTRS, New York City Employees’ Retirement Fund and several large sovereign wealth funds.

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