Solve Advisors (“Solve,” or the “Company”), a global industry leader of pre-trade price transparency data in fixed income markets, announced today that it has acquired two credit and municipal bond data and analytics providers, Advantage Data and Best Credit Data. Advantage Data is an award-winning analytics platform and data provider across credit products, while Best Credit Data provides insights and pricing on municipal and credit instruments to various institutional clients. The two acquisitions come shortly after Solve secured its own investment from affiliates of Charlesbank Capital Partners.
Solve will integrate Advantage Data and Best Credit Data products, operations, and teams into its existing organization. The acquisitions bolster Solve’s products with critical credit data, proprietary analytics, and workflows as the Company pursues its mission to provide a full picture of the fixed income markets. Solve’s flagship product, SolveQuotes, enables its buy-side, sell-side, and service provider clients to conduct price discovery, aggregate liquidity, and identify trading opportunities.
“We are thrilled to welcome the Advantage and Best Credit teams into the Solve family. The combined product offering provides extraordinary clarity and a tangible competitive edge to fixed income market participants,” said Solve Advisors CEO Eugene Grinberg. “This is an important milestone for Solve as we look to execute on our organic and inorganic growth strategies following the recent investment by Charlesbank.”
Founder and CEO of Advantage Data, Rene Robert, along with COO and General Counsel Gina Robert, will transition from the business through the transaction. “After 25 years at the helm of Advantage Data and four years at Best Credit Management, Gina and I are deeply pleased with the accomplishments of both teams and are delighted to pass the torch to the team at Solve Advisors,” said Robert. “As one firm, the merged entities will add value to our combined clients and offer resources to take our platform, data, and analytics to new heights.”
Solve Advisors was advised by Oliver Wyman on the transaction. Mintz served as legal advisor to the Company. Advantage Data was advised by D.A. Davidson.