Leeds Equity sells OptionMetrics to Equality Asset Management
What's the deal? Leeds Equity PartnersDealroom has a profile for this one. Try Dealroom → has sold OptionMetricsDealroom has a profile for this one. Try Dealroom →, a provider of proprietary options, futures, and equity-linked data, to Equality Asset ManagementDealroom has a profile for this one. Try Dealroom →. Founder and chief executive officer David Hait will make a significant reinvestment in the company. Terms were not disclosed.
What each firm does: Founded in 1999, OptionMetrics supplies data and analytics to asset managers, hedge funds, broker dealers, academic institutions, and other professional investors. Its flagship IvyDB USDealroom has a profile for this one. Try Dealroom → product delivers more than 30 years of historical options pricing data, implied volatility calculations, and quantitative analytics.
The rationale: "Our investment in OptionMetrics further validates Leeds Equity's long-standing conviction in investing in financial information services businesses with proprietary data assets," said David Neverson, managing director at Leeds Equity.
The New York-based firm invests exclusively in the education, training, and information services industries. Hait credited the partnership with expanding product offerings and investment in innovation.
Why now? The sale marks an exit for another of Leeds Equity's B2B data holdings. Its comparable investments include datacenterHawkDealroom has a profile for this one. Try Dealroom →, sold to S&P GlobalDealroom has a profile for this one. Try Dealroom →; Fulcrum Financial DataDealroom has a profile for this one. Try Dealroom →, exited to FitchDealroom has a profile for this one. Try Dealroom →; and TalentNeuronDealroom has a profile for this one. Try Dealroom →, a labour market intelligence provider.
Solomon PartnersDealroom has a profile for this one. Try Dealroom → served as financial advisor and Polsinelli PC as legal counsel to OptionMetrics and Leeds Equity.
The signal: The deal underscores steady consolidation around proprietary financial data assets, where hard-to-replicate datasets and long histories keep drawing private equity and strategic buyers.
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