IMS acquires all outstanding shares in IMS US

People Moves
14 Feb, 2012

Compliance consultancy firm IMS Group has acquired all outstanding shares in its New York-based subsidiary IMS Consulting US.

IMS US’s staff including founder Micah Taylor will continue in their existing roles, according to a statement.  This acquisition will give IMS greater clout in the US hedge fund market, where it has been trying to expand its consultancy business. This is IMS’s second acquisition in the US space in 2012. In January, it purchased HedgeOp Compliance, a compliance and software consulting firm.

Taylor said helping clients focus on US regulatory developments was key to their strategy at this time. Hedge funds are being forced to register with the Securities and Exchange Commission (SEC) while managers with more than $150 million must submit a Form PF to the SEC later this year.

Speaking earlier in 2012, an IMS spokesperson said the company would continue to make acquisitions and was engaged in discussions with firms in the US and Hong Kong although refused to give names.

IMS, which is owned by UK buy-and-build specialist Sovereign Capital, has expanded significantly since 2010. In February 2011, it purchased MMS Regulatory Solutions, a compliance outfit in London.