August 2, 2021

ISS snaps up fin services research house Rainmaker

Page and his team are expected to join ISS MI as part of the deal.

Rainmaker is the latest in a string of Australian financial markets and investment research businesses to attract a buyer.

ASX-listed Generation Development Group acquired a strategic 37 per cent stake in Lonsec Investment Solutions last year, moving on to its share register alongside the likes of MH Carnegie and Equip Super.

Private equity firm 5V Capital also acquired a controlling stake in Zenith Investment Partners in 2019.

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