With Intelligence acquires SPS from Bain & Company

— London, 11 Nov 2024

With Intelligence, the leading provider of investment intelligence for alternative assets, private markets and public funds, today announced the acquisition from Bain & Company of SPS, an award-winning provider of actionable deal data and analytics for private equity and mergers & acquisitions professionals.

SPS offers PE and M&A clients a world-class view on deals data, which, combined with With’s private markets fund and investor data, will provide a 360 degree view of the investment lifecycle, from fundraising and allocation to deal execution for investors, fund managers, service providers and deal professionals.

With a strong foothold in private markets, SPS has transaction-level data on 100,000+ tracked deals, with unparalleled market coverage and a uniquely granular industry taxonomy. SPS unifies the fragmented deal sourcing environment and equips firms with full transparency into the deals most relevant for their investment strategy. SPS provides deal intelligence to streamline and improve business development and deal sourcing.

The addition of SPS is the latest in a series of strategic acquisitions for With Intelligence, as With continues to invest in its ability to support the alternative asset management industry in raising funds more effectively and making better allocation decisions.

Charlie Kerr, founder and CEO, With Intelligence commented: “We are thrilled to announce this acquisition. Adding SPS to the With offering will allow us to provide actionable deal-level data to our customers alongside the data and insights we already provide.  SPS is going to enable us to do this across more of the investment lifecycle than ever before. We will be further developing the SPS offering and plan to build on the strength that SPS has already had in the US and expand into the European market”.

Rebecca Burack, senior partner at Bain & Company and global head of the firm’s Private Equity practice, commented: “We are excited to see SPS developing further in its next phase of growth under With Intelligence’s ownership and looking forward to continuing collaboration with SPS and With to bring the best PE and M&A market intelligence to Bain clients.”

Nadim Malik, Founder and CEO at SPS added: “Joining With Intelligence is a key milestone in our growth and one that we are very excited about. This partnership will enable us to share our data with a much broader audience, taking advantage of With Intelligence’s global reach and established client base. We will be focused on expanding our European coverage, and we’re eager to work closely with the With Intelligence team to make that happen.”