M&A – Sale of AI M2 to SparkCognition

Seward & Kissel LLP represented Brevan Howard as U.S. counsel in connection with the disposal of its 78% stake in AI M2 to SparkCognition, Inc.  AI M2 is a provider of artificial intelligence (AI) services to inform quantitative investment strategies.  SparkCognition is a leading industrial AI company headquartered in Texas.

The deal simultaneously involved Brevan Howard entering into various commercial agreements to enable it to license AIM2’s Alpha Cycle and Alpha Wave products along with SparkCognition’s DeepNLP™ and Darwin® products.