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Financial powerhouse JP Morgan will acquire Omni for the value of the data platform after its final fundraising in 2021.
banking giant JP Morgan To appear set to achieve Aumni, the leading enterprise and private market investment data platform. Yesterday, the New York-based multinational financial services company announced a definitive purchase agreement with Omni. Although JPMorgan did not disclose financial terms, the bank expects to pay the value of the data platform in 2021 following its final fundraising. That means JPMorgan could pay about $232 million for Omni. Furthermore, the banking powerhouse is expected to complete the acquisition in the first half of 2023.
JP Morgan will leverage students’ data resources for venture capital market ambitions
The acquisition of Omni is among JP Morgan’s bigger plans to forge deeper ties with the venture capital space amid the banking crisis. The bank reportedly decided to buy the data analytics platform after it led its funding round in 2021. The acquisition, considered a strategic move, will elevate Omni as a leading private markets data platform for multiple institutions, according to JP Morgan. These include companies, their employees, investors and the venture-backed ecosystem.
Excited about the acquisition, Michael Alanjian, Head of Digital Investment Banking at JP Morgan, said:
“Aumni’s market-leading data structuring and portfolio monitoring solutions, combined with Capital Connect and Global Equity’s capital raising and cap table management services, further enhance an ecosystem of digital solutions that provide both growth and value for JPMorgan companies and investors. Creating post-platform private markets.
According to Elanijian, JPMorgan wants to be an “end-to-end ecosystem provider” for enterprise and private market investors.
Aumni CEO Tony Lewis also expressed his excitement over the deal and the potential of the combined resources of both platforms. As he put it:
“We are excited to partner with JPMorgan to accelerate the realization of our vision to bring greater structure, transparency and liquidity to the historically opaque private markets. Together, we will enhance the experience for all current and future clients.” can create a best-in-class suite of services for private market participants, while enhancing
Established in 2018, Aumni’s proprietary data analytics functionality analyzes the necessary legal and economic conditions that support development-stage private market transactions. Through Aumni’s efforts, investors can easily access important portfolio investment terms.
The leading investment analysis software provider has a diverse client base of over 300 institutions. These range from emerging and established VC managers to leading multinational asset management firms.
Aumni currently boasts a valuation of over $600 billion in invested capital in over 17,000 private companies. Following the JP Morgan acquisition, the data analytics firm complements the bank’s recent Capital Connect launch. Aumni also potentially helps Global Shares, an Irish fintech platform acquired by JPMorgan last year.
Investors have resorted to Omni’s services in recent weeks following the collapses of Silicon Valley Bank (SVB) and Signature Bank. Amid the resulting shockwaves of these collapses, many of these investors were concerned about the medium-sized bank’s uninsured deposits. Furthermore, these investors wanted to know whether they had the legal right to inspect their financial books.
Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to strip crypto stories down to the basics so that anyone anywhere can understand without a lot of background knowledge. When he is not delving deep into crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.