German index provider Solactive invests in UK proxy firm Minerva Analytics

German index provider Solactive has taken a stake in UK proxy firm Minerva Analytics.

The deal will allow Minerva, which is based in Essex, to expand its research and client service capability through Solactive’s offices in Frankfurt, Hong Kong and Toronto.

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Minerva, which also offers corporate governance consultancy service, will use Solactive’s technical capabilities to improve its products, while Solactive will use the UK firm’s data. The value of the deal was not disclosed.

The deal is the latest transaction between environmental, social and governance (ESG) firms and ratings providers, following Moody’s acquisition of a stake in Vigeo Eiris in April.

Solactive chief executive Steffen Scheuble said: “This is an important step for us in ensuring we stay relevant to the entire asset management ecosystem.

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“Quality governance and sustainability data, research and analytics, as well as voting technology and services solutions are areas of increasing importance to all asset owners and asset managers.”

Sarah Wilson, Minerva chief executive, added that the deal would enable the company “to grow coverage and offer a truly 24-hour service”.