Rothschild & Co has announced its has taken a “significant minority” stake in equity research provider Redburn.

The financial terms of the deal were not disclosed, but Rothschild said its investment would “provide capital for the expansion of Redburn's services to clients, as well as providing opportunity for greater employee equity participation”.

According to the firms, Redburn was founded in 2003 and has become a “leading independent producer of premium European equity research”.

European equity research firms were heavily impacted by MiFID II’s research unbundling rules, which meant that ...