EQT Said to Near Sale of Data Manager Rimes Tech to Five Arrows

EQT AB is near an agreement to sell data management company Rimes Technologies to Five Arrows, the alternative assets arm of Rothschild & Co., according to people with knowledge of the matter.

The Swedish investment firm could announce the deal as soon as Tuesday, the people said, asking not to be identified discussing confidential information. The transaction values Rimes at between €800 million ($870 million) and €900 million, including debt, the people said.

A representative for EQT declined to comment. A representative of Five Arrows couldn’t immediately be reached for comment.

Private equity firms are stepping up disposals of ...