Technology Services, Business Services, Global | Mergers & Acquisitions

Cutter Acquired by NRI

  • TM Capital served as the exclusive financial advisor to Cutter Associates, a leading provider of independent, operational research and consulting services for the world’s preeminent investment management firms, in its sale to Tokyo-based Nomura Research Institute (“NRI”)
  • Cutter’s solutions enable clients to optimize their performance through operational reviews and strategy assessments, systems selection, process design, data management and system implementation services
  • Cutter employs a symbiotic business model that combines independent research on operational and technology topics, process benchmarking, and business and consulting services delivered to investment management firms
  • NRI is a leading, $3.7 billion global provider of system solutions and consulting services, including management consulting, system integration, and IT management and solutions for financial, manufacturing and service industries
  • TM Capital previously served as the exclusive financial advisor to NRI in its acquisition of Brierley+Partners, a leading provider of loyalty and marketing solutions – NRI’s first acquisition in the U.S.

See Press Release

Client Testimonial

We engaged TM Capital as our investment banker based on the firm’s strong reputation in the market and its IT industry experience.  We immediately noticed TM’s senior-level commitment to our transaction, and also the quality of its associates and analysts.  TM delivered as promised and architected a great outcome with a world-class buyer who we believe will create meaningful opportunities for our employees and clients.  I was particularly impressed with the team’s experience in navigating the complexities of a cross-border transaction; in this case with a Japanese buyer.  That expertise proved critical to the success of this transaction.”
Tom Seeman, CEO, Cutter Associates