O’Melveny Advises Mercatus in Acquisition by State Street Corp.July 22, 2021
FOR IMMEDIATE RELEASE
SILICON VALLEY—July 22, 2021—An O’Melveny corporate team advised Mercatus Inc., a premier front-and-middle-office solutions and data management provider for private market managers, in its agreement to be acquired by State Street Corp. (NYSE: STT).
Financial terms were not disclosed for the transaction, which is expected to be completed in September subject to customary closing conditions.
Silicon Valley-based Mercatus has operations in the US, UK, and India and is an investment data management platform for private market fund managers and asset owners that need to solve the complexity of their private investment data. Its platform solves investment data challenges in portfolio monitoring, deal management, valuation management, and ESG. Mercatus manages more than $1 trillion across a global client base of private market investors in real estate, infrastructure, private equity, and private debt.
State Street, is one of the world's leading providers of financial services to institutional investors. In connection with the acquisition, State Street announced that it would “launch its State Street AlphaSM for Private Markets solution which will allow institutional investors to fully manage the entire lifecycle of their infrastructure, private equity, real estate, private debt and fund of funds investments through a fully integrated, digital front-to-back, single platform. This includes the ability to provide whole portfolio exposure to managers investing in both public and private markets.”
The O’Melveny team was led by partners Scott Elliott and Noah Kornblith and included counsel Martin Mayo and associate Lauren Stamey.
It’s more than what you do: it’s how you do it. Across sectors and borders, in board rooms and courtrooms, we measure our success by yours. And in our interactions, we commit to making your O’Melveny experience as satisfying as the outcomes we help you achieve. Our greatest accomplishment is ensuring that you never have to choose between premier lawyering and exceptional service. So, tell us. What do you want to achieve? Visit us at www.omm.com or learn more in our firm at-a-glance, annual report, and on LinkedIn, Twitter, Facebook, Instagram, and YouTube. Visit The Boardroom for our insights on pressing issues facing global corporations.
O’Melveny & Myers LLP
+1 212 326 2218