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J.P. Morgan (NYSE: JPM) has finalized an agreement to acquire Aumni, an investment analytics software provider for the venture capital sector. The transaction details are undisclosed, with completion expected in H1 2023. Founded in 2018, Aumni has analyzed over $600 billion in investments across 17,000 private companies, serving over 300 institutions. This acquisition aims to enhance J.P. Morgan's offerings in private markets, complementing services like Capital Connect and broadening digital solutions for investors. Both companies anticipate synergies that improve transparency and liquidity in private markets.
Positive
Acquisition of Aumni enhances J.P. Morgan's portfolio of private market solutions.
Aumni's analytics capabilities support over 300 clients and significant capital evaluation of over $600 billion.
Synergies expected to increase transparency and liquidity in private markets.
Negative
None.
Acquisition to bolster firm’s suite of private market solutions
NEW YORK--(BUSINESS WIRE)--
J.P. Morgan (NYSE: JPM) announced today that it has entered into a definitive agreement to acquire Aumni, a leading provider of investment analytics software to the venture capital industry. Financial terms of the transaction were not disclosed and closing is expected in the first half of 2023.
Founded in 2018, Aumni’s proprietary data analytics engine structures, tracks and analyzes essential legal and economic terms underpinning growth-stage private market transactions, placing critical portfolio investment terms within users’ easy reach. With a diverse client base of over 300 institutions ranging from emerging and established venture managers to leading, multinational asset managers, Aumni has evaluated more than $600 billion in invested capital across more than 17,000 private companies.
The strategic acquisition of Aumni solidifies J.P. Morgan’s commitment to building the leading private markets platform for companies, their employees and investors, as well as its confidence in the resilience of the venture-backed ecosystem. Aumni also complements the recent launch of Capital Connect by J.P. Morgan and the acquisition of Global Shares. Through continued investment in Aumni, and its other private market assets, J.P. Morgan is positioned to deliver an industry-leading suite of innovative solutions to the private markets.
“We’re thrilled to see this collaboration come to fruition as J.P. Morgan first invested in Aumni in 2021 and quickly realized shared synergies of providing more transparency to the private markets,” said Michael Elanjian, Head of Digital Investment Banking, Head of Digital Private Markets, J.P. Morgan. “Aumni’s market-leading data structuring and portfolio monitoring solutions, combined with the capital raising and cap table management services of Capital Connect and Global Shares, further enhances the ecosystem of digital solutions that J.P. Morgan is building for companies and investors in both growth and later-stage private markets.”
“We are excited to partner with J.P. Morgan, expediting the realization of our vision to bring more structure, transparency and liquidity to the historically opaque private markets. Together, we can create a best-in-class suite of services for private market participants, enhancing the experience for all current and future clients,” said Tony Lewis, CEO, Aumni.
Aumni remains committed to enhancing services to their clients, and will continue to be headquartered in Salt Lake City, Utah.
J.P. Morgan was advised by J.P. Morgan Securities, LLC as financial advisor and Sullivan & Cromwell LLP as legal counsel. Aumni was advised by DLA Piper LLP as legal counsel.
About J.P. Morgan’s Corporate & Investment Bank J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $28.6 trillion of assets under custody and $649.7 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com.
About Aumni
Aumni is a leading investment analytics company delivering the most reliable data and insights for the private capital markets. Founded in 2018, Aumni has developed a cloud-based, global technology platform that provides portfolio monitoring and market analytics to private market investors. Headquartered in Salt Lake City, UT with significant operations in the Philippines, Aumni has more than 350 employees globally. For more information please visit www.aumni.fund.
What is the strategic importance of J.P. Morgan's acquisition of Aumni?
The acquisition of Aumni enhances J.P. Morgan's private market solutions and supports their commitment to transparency and liquidity in venture capital.
What financial terms were disclosed for J.P. Morgan's acquisition of Aumni?
The financial terms of the acquisition were not disclosed.
When is the expected closing date for the J.P. Morgan and Aumni acquisition?
The acquisition is expected to close in the first half of 2023.
How does Aumni complement J.P. Morgan's existing services?
Aumni's investment analytics add to J.P. Morgan's offerings like Capital Connect, creating a comprehensive suite for private market investors.
What is Aumni's significance in the venture capital industry?
Aumni has evaluated more than $600 billion in investments, making it a key player in providing data analytics for the venture capital sector.
