Insights firm Aite Group, whose coverage includes the post trade space, has merged with insurance industry expert Novarica. The deal appears to be driven by private equity firm Pamlico Capital, signalling that its shopping for “complementary assets” will continue.
Going forward, the company spells its name Aite-Novarica Group, ANG for short. Their combined force counts more than 70 analysts and industry practitioners in North America and Europe.
Press releases can be found here about, respectively, the Aite-Novarica merger and the Pamlico private equity investment.
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