MJ Hudson acquired private markets performance analytics firm PERACS in a €1.4 million ($2 million) deal, a spokesman confirmed.
Money management consultant MJ Hudson's data and analytics division has now made four acquisitions in two years, most recently buying marketing analytics firm Meyler in the U.S. and Canada in March.
PERACS was founded in 2005 and works with institutional investors and alternative money managers in Europe and North America. The team will remain fully active in the business, which will be rebranded MJ Hudson Fund Performance Analytics.
"We are delighted that (Oliver Gottschalg, CEO of PERACS) and his team have decided to join the group," said Odi Lahav, chief operating officer and head of MJ Hudson's data and analytics division, in a news release. "He is well known to the senior management team at MJ Hudson, and we have followed his firm's progress with great interest for a number of years. The acquisition adds yet more proprietary methods, models and tools to MJ Hudson's data and analytics division, supporting our ambition to bring greater transparency to the expanding alternatives industry."
There will be no changes to the PERACS team, Mr. Lahav added in additional emailed comment. As part of future growth plans, "we plan to integrate them in the broader MJ Hudson data and analytics platform, and leverage our investment consulting team and technology group, so we expect our resource base supporting the business to grow quickly," he said.
