ARC Group has completed the sale of its subsidiary ARC Research to S&P Dow Jones Indices (DJI) and announced plans to develop its multi-family office services.

The deal sees ARC Research and its ARC Wealth Indices being acquired by S&P DJI after the transaction received regulatory approval.

ARC Group announced the agreed acquisition, which was for an undisclosed amount, in July.

ARC Research is an independent provider of peer group indices and data in the private wealth market, while S&P DJI is a global index provider and division of S&P Global.

EY-Parthenon provided ARC with advice on the transaction, while Farrer & Co provided the firm with legal advice.

The acquisition will expand S&P DJI’s capabilities to offer benchmarks and data solutions tailored to the evolving requirements of wealth managers, private banks, and financial advisers.

Following the completion of the deal, ARC Group said the acquisition would underpin its strategy to drive forward its advisory division, which advises on $25bn of assets for international families and charities.

“There is no better home for ARC Research and the ARC Wealth Indices than S&P DJI. We look forward to hearing of the continued growth and success of the indices,” said ARC Group CEO, Stephen McMahon.

Commenting on the group’s plans following the sale, McMahon added: “The ARC Group will not be resting on its laurels. We are, perhaps, the largest multi-family office no one has ever heard of, but that is going to change.

“We have exciting plans for our private client and charity advisory business as we bring additional resources to bear following the S&P Dow Jones deal.

“We are now solely focused on helping clients worldwide formulate and implement efficient investment strategies across all asset classes.

“Leaning on our extensive analytical and data experience, we are looking to build compelling active and passive investment solutions with our existing providers, providing greater transparency to the private client asset arena.”

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