Like Equity Research Business

closed 10/3/2016 via PR Newswire

Center for Financial Research and Analysis, purchased Equity Research Business from S&P Global Market Intelligence

synopsis: S&P Global announced that it has successfully completed its sale of S&P Global Market Intelligence's Equity and Fund Research (Equity Research) business to CFRA, a leading independent provider of forensic accounting research, analytics and advisory services.
buyer: Center for Financial Research and Analysis
CFRA (Center for Financial Research and Analysis) is the world’s largest provider of institutional-grade independent equity research. Through fundamental equity and fund research, CFRA empowers investment professionals, advisors and risk managers with actionable ideas and proven results. "
seller parent: S&P Global
seller: S&P Global Market Intelligence
S&P Global Market Intelligence's Equity Resarch provides access to financial analysis for wealth advisors and institutional investors. S&P Global Market Intelligence collects and analyzes vast volumes of content, turning into actionable intelligence on the global financial markets and industries.
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closed 1/23/2019 via PR Newswire

Seeking Alpha, acquired CressCap

synopsis: Seeking Alpha, the world's largest platform for equity analysis, announced the acquisition of CressCap, a next generation analytics platform for investment professionals. CressCap is a pioneer in the fusion of statistical computing systems and autonomous research analytics.
buyer: Seeking Alpha
Seeking Alpha is the leading provider of stock market opinion and analysis from blogs, money managers and investment newsletters, and a provider of its own high-value, complementary financial content. "
target: CressCap
CressCap Investment Research has developed the next generation analytics platform for investment professionals. They are a pioneer in the fusion of statistical computing systems and autonomous research analytics.
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closed 9/9/2015 via BNC Analysis

Lyceum Capital, acquired Style Research

synopsis: Robert Schwob, a popular figure in the asset management world, has sold majority control of Style Research, his asset management data provider, to mid-market private equity firm Lyceum Capital. Style Research is the leading independent provider of global investment research and portfolio analysis applications.
buyer: Lyceum Capital
Lyceum Capital partners with entrepreneurial management teams and unlocks growth potential by providing capital, operations and development support and help with targeted acquisitions. Lyceum typically invests between £5m and £50m of equity in fast-growing, UK-headquartered, mid-sized businesses. "
target: Style Research
Style Research is the leading independent provider of global investment research and portfolio analysis applications. The services are delivered on a SaaS-based platform that supports a range of devices.
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closed 5/13/2019 via BusinessWire

Liquidnet, Inc., acquired RSRCHXchange

synopsis: Liquidnet announced that it has acquired RSRCHXchange, a leading marketplace and aggregator for institutional research. RSRCHXchange’s research marketplace and distribution network digitizes massive amounts of content and provides a centralized, cloud-based hub that allows providers to deliver research, and asset managers to efficiently source it.
buyer: Liquidnet, Inc.
Liquidnet is a technology-driven, global institutional investment network. Liquidnet's network spans 46 markets across six continents and connects institutional brokers, investment banks, exchanges, alternative trading venues, and data and research providers. "
target: RSRCHXchange
RSRCHXchange is the award-winning marketplace and aggregator for institutional research. The RSRCHX platform enables asset management firms to read, purchase and monitor research and analyst interactions from banks, brokers & boutique providers in a more efficient and transparent way.
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closed 9/21/2010 via PR Newswire

Capital IQ, acquired TheMarkets.com

synopsis: Capital IQ, a leading provider of data and analytics for global financial professionals, has acquired the research and estimates business of TheMarkets.com. TheMarkets.com is a premier provider of third party equity and fixed income research, earnings models, and estimates to more than 2,400 institutional investment management firms worldwide.
buyer parent: The McGraw-Hill Companies, Inc.
buyer: Capital IQ
Capital IQ, a Standard & Poor's business, delivers comprehensive fundamental and quantitative research and analysis solutions to over 4,200 investment management firms, investment banks, private equity funds, advisory firms, corporations, and universities worldwide. "
target: TheMarkets.com
TheMarkets.com is the proven standard for investment research and workflow technologies to institutional investment firms worldwide. TheMarkets.com enables investors to streamline access to diverse providers of investment research through efficient workflow technologies.
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closed 9/25/2012 via BNC Analysis

FX Concepts LLC, acquired Track.com, LLC

synopsis: FX Concepts LLC, a currency hedge fund founded by John Taylor with about $3 billion under management, agreed to buy closely held financial research provider Track.com for an undisclosed amount. Track.com, LLC is a subscription-based service that provides an online platform for investment research and market ideas.
buyer: FX Concepts LLC
FX Concepts LLC is a currency hedge fund founded by John Taylor. "
target: Track.com, LLC
Track.com, LLC provides an online platform for investment research and market ideas. Its platform allows qualified contributors to share their stock, commodity, and macro ideas with a group of institutional investors, high net worth individuals, and other thoughtful market participants.
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closed 6/17/2010 via Company Press Release

Morningstar, Inc., acquired Morningstar Danmark A/S

synopsis: Morningstar Europe B.V., a leading provider of independent investment research, entered into a definitive agreement to acquire a 75 percent ownership interest in Morningstar Danmark A/S.
buyer: Morningstar, Inc. (MORN:$1,244.10)
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions. "
target: Morningstar Danmark A/S
Morningstar Danmark A/S through its website provides investment information for individual investors, which includes fund and ETF data, portfolio tools, and market analysis. It also develops investment software.
price ($mm)
$15*
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closed 2/1/2011 via PR Newswire

Campden Media, acquired The Institute for Private Investors

synopsis: Campden Media, which serves ultra-affluent business-owning and financial families worldwide, announced that it has acquired the Institute for Private Investors (IPI), one of the first and premier firms providing services to ultra high-net-worth individuals and private investors in the United States.
buyer parent: Matrix Private Equity Partners
buyer: Campden Media
Campden Media, founded in 1987, provides education, news, research, conferences and other networking opportunities to principals of ultra high-net-worth financial and business-owning families, the family office executives and trusted advisors who serve them. "
target: The Institute for Private Investors
The Institute for Private Investors (IPI) is a trusted provider of educational and networking resources for ultra high-net-worth investors. Founded in 1991, IPI provides a safe haven for investors to communicate with each other, and their advisors, about their wealth management approach.
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announced 9/30/2016 via Reuters

IG Group Holdings Plc, will acquire DailyFX.com

synopsis: IG Group, an online trading company, said it had agreed to buy news and research portal DailyFX and its associated assets from FXCM Inc, a U.S. retail broker. Upon completion, the DailyFX business along with its web domains, source code, content and 34 employees will be transferred to IG Group. The deal is expected to close by the end of October.
buyer: IG Group Holdings Plc (LSE:IGG:$625.12)
IG Group Holdings plc is a world leader in financial derivatives trading and sports betting. They are the parent company of IG Index - the UK's largest and longest-running spread betting business – and offer sports and financial products to retail and professional clients. "
target parent: FXCM Inc.
target: DailyFX.com
DailyFX.com, the free news and research website of FXCM, is one of the world's leading news sources for the currency trading community. DailyFX provides analysis of market moves, explaining economic, political, and technical factors driving the market.
price ($mm)
$36
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announced 5/16/2018 via Company Press Release

ABG Sundal Collier AB, will acquire Introduce

synopsis: ABG Sundal Collier AB, an independent, Nordic investment banking powerhouse, has agreed to acquire the leading Swedish investor relations and sponsored research platform Introduce. Introduce offers comprehensive financial information and professional analysis on small and medium sized listed companies in Sweden.
buyer: ABG Sundal Collier AB (OB:ASC:$155.20)
Based in Norway, ABG Sundal Collier is an independent, Nordic investment banking powerhouse. ABG provides financial and strategic advice to help clients find creative solutions that optimize their long term value creation and help them to achieve their objectives. "
target parent: Remium AB
target: Introduce
Based in Sweden, Introduce is an investor relations and sponsored research platform. They offer comprehensive financial information and professional analysis on small and medium sized listed companies in Sweden. They serve approximately 100 companies in the mid cap and small cap segment.
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cancelled 11/9/2010 via BNC Analysis

Kensington Leasing, Ltd., cancelled an acquisition of WealthMakers, Ltd.

synopsis: Kensington Leasing, Ltd. cancelled the acquisition of Wealthmakers Ltd.
buyer: Kensington Leasing, Ltd. (KNSL:$0.00)
Kensington Leasing, Ltd. is a development stage company and intends to lease specialized computer equipment and provide support services for professionals. The company was incorporated in 2008 and is based in Redlands, California. "
target: WealthMakers, Ltd.
WealthMakers is a web-based predictive research technology company that connects to automated trading platforms for stocks, indexes, bonds, options, commodities and currencies and can trade in up to 80 markets around the world in a single universal account provided by a leading online broker.
price ($mm)
$16
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announced 5/10/2016 via BusinessWire

Leucadia National Corp, will acquire Majestic Research, LLC

synopsis: Leucadia National Corporation announced that it has entered into a definitive agreement to acquire ITG Investment Research, LLC (formerly known as Majestic Research) from Investment Technology Group (“ITG”). ITG Investment Research is a leading provider of big data analytics and research to institutional, corporate, and private equity clients.
buyer: Leucadia National Corp (LUK:$10,512.84)
Leucadia National Corporation is a financial services holding company principally engaged in providing commercial and personal property and casualty insurance, banking and lending services; manufacture of plastic netting; own and operate gold mines; provide real estate investment trust services. "
target parent: Investment Technology Group, Inc.
target: Majestic Research, LLC
Since its inception in 2002, Majestic Research has revolutionized the financial research business with their innovative proprietary methods and tools for accessing real-time data.
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closed 10/25/2010 via PR Newswire

Investment Technology Group, Inc., acquired Majestic Research, LLC

synopsis: Investment Technology Group, Inc., a leading agency broker and financial technology firm, announced that it has acquired Majestic Research Corp., an independent provider of data-driven equity research for the institutional investment community. Going forward, Majestic will be known as ITG Investment Research.
buyer: Investment Technology Group, Inc. (ITG:$505.52)
Investment Technology Group, Inc.(ITG), is an independent agency research broker that partners with asset managers globally to improve performance throughout the investment process. ITG is a leader in electronic trading since launching the POSIT® crossing network in 1987. "
target: Majestic Research, LLC
Since its inception in 2002, Majestic Research has revolutionized the financial research business with our innovative proprietary methods and tools for accessing real-time data.
price ($mm)
$53
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closed 10/12/2016 via Company Press Release

Embark Group, acquired The Adviser Centre

synopsis: Embark Group has acquired The Adviser Centre, the award-winning online investment research and consultancy service, from City Financial. The Adviser Centre provides a wealth of information including one-page fund factsheets, Bulletins, Guidance notes, IA Sector Overviews, market views and blogs.
buyer: Embark Group
Embark Group is committed to acquiring, holding and developing for the long term, a range of financial services’ businesses in the UK and internationally. They have experience in developing businesses by providing access to the latest online technology and financial capital to help them grow. "
target parent: City Financial Investment Company Limited
target: The Adviser Centre
The Adviser Centre is an online, free-to-air research and consultancy service, designed for financial advisers. Their service features impartial fund research, IA Sector Overviews, regular commentaries and more.
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closed 3/8/2018 via BNC Analysis

Institutional Investor Inc., acquired Extel

synopsis: Euromoney Institutional Investor has acquired Extel from WeConvene, and it will integrate Extel into its Institutional Investor Research business. Extel runs the annual independent survey of quality across the European equities investment community, providing an unparalleled data-set to help clients analyse and drive their market understanding.
buyer parent: Euromoney Institutional Investor PLC
buyer: Institutional Investor Inc.
Institutional Investor is a leading international business to business publisher, focused primarily on international finance. It publishes magazines, newsletters and journals as well as research, directories, books and maps. "
target parent: WeConvene
target: Extel
Extel conducts market studies across all three sides of the European Equities investment community, delivering a comprehensive range of rankings, market trends and sentiment insights. The Extel Survey is the largest study of its kind worldwide, with over 16,000 participants from 93 countries.
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closed 10/23/2017 via GlobeNewswire

Nasdaq, Inc., acquired eVestment Alliance, LLC

synopsis: Nasdaq, a leading global provider of trading, clearing, exchange technology, listing, information and public company services, has completed the acquisition of eVestment, an industry leading content and analytics provider used by asset managers, investment consultants and asset owners to help facilitate institutional investment decisions.
buyer: Nasdaq, Inc. (NasdaqGS:NDAQ:$4,262.00)
Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence. "
target: eVestment Alliance, LLC
eVestment provides a flexible suite of easy-to-use, cloud-based solutions to help the institutional investing community identify and capitalize on global investment trends, better select and monitor investment managers and more successfully enable asset managers to market their funds worldwide.
price ($mm)
$705
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closed 9/19/2011 via PR Newswire

eVestment Alliance, LLC, acquired Hedgefund.Net Inc.

synopsis: eVestment Alliance, a global provider of institutional investment data intelligence and analytic solutions, announced the acquisition of Channel Capital Group, owners of HedgeFund.net, a leading source for hedge fund data, research and news.
buyer: eVestment Alliance, LLC
eVestment is a global provider of institutional investment data intelligence and analytic solutions. eVestment delivers extensive separate account, hedge fund and commingled fund data through robust, user-friendly products, with an unparalleled commitment to client service. "
target: Hedgefund.Net Inc.
HedgeFund.net is a leading source for hedge fund data on the Web. Investors who meet accreditation standards are eligible for access to the site's database of information on more than 7,100 hedge funds, funds-of-funds and commodity products.
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announced 10/31/2017 via Company Press Release

Baird, will acquire Strategas Research Partners

synopsis: Baird signed a definitive agreement to acquire Strategas, an independent private partnership focused on macro research. Based in New York, Strategas provides comprehensive macro sector insights including research in the areas of Investment Strategy, Economics, Government Policy, Quantitative, Technical Analysis, Fixed Income and Industry Surveys.
buyer: Baird
Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the US, Europe and Asia. Established in 1919, Baird has more than 3,400 associates serving the needs of individual, corporate, institutional and municipal clients. "
target: Strategas Research Partners
Strategas is a global institutional brokerage and advisory firm that provides macro research, capital market and corporate advisory services, and financial products to institutional investors and corporate executives in more than twenty countries around the world.
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closed 1/12/2016 via PR Newswire

Hedgeye Risk Management, acquired Potomac Research Group

synopsis: Hedgeye Risk Management announced that it has acquired Potomac Research Group (PRG), a Washington, D.C.-based, independent research firm which provides predictive and actionable Washington policy analysis to institutional investors.
buyer: Hedgeye Risk Management
Hedgeye Risk Management is an independent investment research and media firm. Focused exclusively on generating and delivering actionable investment ideas in a proven buy-side process, the firm combines quantitative, bottom-up and macro analysis with an emphasis on timing. "
target: Potomac Research Group
Potomac Research Group ("PRG") is an independent research firm formed to provide Washington policy and market technical analysis to institutional investors. PRG’s analysis of federal legislative activities and regulatory policies helps investors determine Washington’s impact on industry sectors.
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closed 10/10/2013 via Market Wire

Investment Metrics, LLC, acquired InterSec Research

synopsis: Investment Metrics, LLC a leading provider of investment performance analytics and reporting solutions for institutional investors and advisors, announced that it has acquired InterSec Research, the industry's leading provider of business intelligence services to institutional asset management firms.
buyer: Investment Metrics, LLC
Investment Metrics, LLC is an independent firm focused solely on creating solutions for investment professionals that streamline the process of performance measurement, investment analytics, manager research and reporting. "
target: InterSec Research
InterSec Research is the industry's leading provider of business intelligence services to institutional asset management firms. InterSec Research transforms independent market insight into business intelligence for institutional asset managers, asset owners, investment consultants and advisors.
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closed 12/6/2019 via PR Newswire

S&P Global Market Intelligence, acquired The 451 Group

synopsis: NEW YORK, Dec. 6, 2019 /PRNewswire/ -- S&P Global (NYSE: SPGI), the world's foremost provider of credit ratings, benchmarks, and analytics in the global capital and commodity markets, announced today that it has acquired 451 Research, LLC, a privately-held research and advisory firm that provides intelligence, expertise and data covering high-growt
buyer parent: S&P Global
buyer: S&P Global Market Intelligence
S&P Global Market Intelligence provides data, essential insights, and powerful analytics to help navigate the financial markets. S&P Global Market Intelligence integrates financial and industry data, research, and news into tools that help clients make informed business and financial decisions. "
target: The 451 Group
The 451 Group owns and operates 451 Research, a leading technology-industry syndicated research and data firm focused on the business of enterprise IT innovation. It also owns Uptime Institute, an independent provider of thought leadership, certification, education, and professional services.
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closed 2/26/2018 via PR Newswire

S&P Global Market Intelligence, acquired Panjiva

synopsis: S&P Global, a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide, announced that it has acquired Panjiva, Inc., the authoritative and most comprehensive information source for the global trade community.
buyer parent: S&P Global
buyer: S&P Global Market Intelligence
S&P Global Market Intelligence is a leading provider of financial and industry data, research, news and analytics to investment professionals, government agencies, corporations, and universities worldwide. "
target: Panjiva
Panjiva is the authoritative and most comprehensive information source for the global trade community. The company’s sophisticated technology makes sense of massive amounts of diverse, fragmented data on more than 10 million companies across 190 countries.
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closed 10/3/2016 via PR Newswire

Center for Financial Research and Analysis, purchased Equity Research Business from S&P Global Market Intelligence

synopsis: S&P Global announced that it has successfully completed its sale of S&P Global Market Intelligence's Equity and Fund Research (Equity Research) business to CFRA, a leading independent provider of forensic accounting research, analytics and advisory services.
buyer: Center for Financial Research and Analysis
CFRA (Center for Financial Research and Analysis) is the world’s largest provider of institutional-grade independent equity research. Through fundamental equity and fund research, CFRA empowers investment professionals, advisors and risk managers with actionable ideas and proven results. "
seller parent: S&P Global
seller: S&P Global Market Intelligence
S&P Global Market Intelligence's Equity Resarch provides access to financial analysis for wealth advisors and institutional investors. S&P Global Market Intelligence collects and analyzes vast volumes of content, turning into actionable intelligence on the global financial markets and industries.
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closed 8/6/2019 via BusinessWire

Center for Financial Research and Analysis, acquired First Bridge Data LLC

synopsis: CFRA, one of the world’s largest providers of independent research, announced that it has acquired First Bridge Data LLC, a company that provides institutional quality data and analytics on Exchange Traded Funds (ETFs) that saves time on research and generates insight.
buyer: Center for Financial Research and Analysis
CFRA (Center for Financial Research and Analysis) is the world’s largest provider of institutional-grade independent equity research. Through fundamental equity and fund research, CFRA empowers investment professionals, advisors and risk managers with actionable ideas and proven results. "
target: First Bridge Data LLC
First Bridge provides institutional quality data & analytics on Exchange Traded Funds (ETFs) that saves time on research and generates insight.
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closed 10/3/2016 via PR Newswire

Center for Financial Research and Analysis, purchased Equity Research Business from S&P Global Market Intelligence

synopsis: S&P Global announced that it has successfully completed its sale of S&P Global Market Intelligence's Equity and Fund Research (Equity Research) business to CFRA, a leading independent provider of forensic accounting research, analytics and advisory services.
buyer: Center for Financial Research and Analysis
CFRA (Center for Financial Research and Analysis) is the world’s largest provider of institutional-grade independent equity research. Through fundamental equity and fund research, CFRA empowers investment professionals, advisors and risk managers with actionable ideas and proven results. "
seller parent: S&P Global
seller: S&P Global Market Intelligence
S&P Global Market Intelligence's Equity Resarch provides access to financial analysis for wealth advisors and institutional investors. S&P Global Market Intelligence collects and analyzes vast volumes of content, turning into actionable intelligence on the global financial markets and industries.
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closed 8/2/2007 via

RiskMetrics Group, Inc., acquired Center for Financial Research and Analysis

synopsis: RiskMetrics Group, the world's leading provider of financial risk management and corporate governance solutions, announced today that it has entered into a definitive agreement to acquire CFRA (Center for Financial Research & Analysis).
buyer parent: Spectrum Equity Investors
buyer: RiskMetrics Group, Inc.
RiskMetrics provides expertise to the financial community through a broad range of research, analytics, data and other products and services. Formerly a division of JP Morgan, RiskMetrics Group became an independent company in 1998. "
target: Center for Financial Research and Analysis
The Center for Financial Research & Analysis is a leading global independent research and educational organization, committed to providing quality of earnings research and training to the institutional investment, insurance, corporate, legal, and regulatory communities.
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closed 8/2/2007 via

RiskMetrics Group, Inc., acquired Center for Financial Research and Analysis

synopsis: RiskMetrics Group, the world's leading provider of financial risk management and corporate governance solutions, announced today that it has entered into a definitive agreement to acquire CFRA (Center for Financial Research & Analysis).
buyer parent: Spectrum Equity Investors
buyer: RiskMetrics Group, Inc.
RiskMetrics provides expertise to the financial community through a broad range of research, analytics, data and other products and services. Formerly a division of JP Morgan, RiskMetrics Group became an independent company in 1998. "
target: Center for Financial Research and Analysis
The Center for Financial Research & Analysis is a leading global independent research and educational organization, committed to providing quality of earnings research and training to the institutional investment, insurance, corporate, legal, and regulatory communities.
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announced 6/30/2016 via Company Press Release

Scope Ratings, will acquire FERI EuroRating Services AG

synopsis: Scope Corporation AG, Europe’s leading provider of independent ratings, research and risk analysis, will acquire FERI EuroRating Services AG, one of the leading European rating agencies specialized in investment market and product ratings.
buyer: Scope Ratings
Scope Ratings specializes in the ratings of companies, financial institutions, structured finance and alternative investment funds. Scope is an ESMA-accredited rating agency (CRA) operating in the European Union with ECAI status. "
target: FERI EuroRating Services AG
FERI EuroRating Services AG is one of the leading European rating agencies specialized in investment market and product ratings. Its mission is to create market transparency and to offer investment ratings that provide decision-making guidance to retail and institutional investors.
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closed 6/1/2010 via BusinessWire

RiskMetrics Group, Inc. merged with MSCI Inc.,

synopsis: MSCI Inc., announced that it has completed its acquisition of RiskMetrics Group, Inc., a leading provider of risk management and corporate governance products and services to the global financial community.
buyer: MSCI Inc. (MSCI:$1,476.56)
MSCI Inc. is a leading provider of investment decision support tools to investment institutions worldwide. MSCI Inc. products include indices and portfolio risk and performance analytics for use in managing equity, fixed income and multi-asset class portfolios. "
target: RiskMetrics Group, Inc.
RiskMetrics provides expertise to the financial community through a broad range of research, analytics, data and other products and services. Formerly a division of JP Morgan, RiskMetrics Group became an independent company in 1998.
price ($mm)[EV]
$1,380 [$1,456]
rev ($mm)
$303
EBITDA ($mm)
$102
EV / rev
5.3x
EV / EBITDA
15.9x
announced 3/12/2015 via BusinessWire

Moody's Corporation, will acquire Equilibrium (Peru)

synopsis: Moody’s Corporation, an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets, announced that it has agreed to acquire Equilibrium, a leading provider of credit rating and research services in Peru and Latin America.
buyer: Moody's Corporation (MCO:$4,829.00)
Moody's Corporation is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. "
target: Equilibrium (Peru)
Equilibrium is a leading provider of credit rating and research services in Peru and other countries in Latin America. Based in Peru, Equilibrium has operated since 1996.
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closed 11/18/2019 via BusinessWire

Investortools, acquired Merritt Research Services, LLC

synopsis: Investortools, a provider of software-based solutions for fixed-income portfolio management, trading, compliance, credit analysis, and benchmark risk analysis, has acquired Merritt Research Services, the premier source for municipal financial data. Merritt is a research and data provider focused on credit information related to municipal bonds.
buyer: Investortools
Investortools specializes in software solutions for credit analysis and portfolio management in the institutional marketplace. Serving over 200 premier companies and financial institutions, Investortools and its affiliates have offices in the U.S., Europe and Asia. "
target: Merritt Research Services, LLC
Merritt Research Services, LLC is an independent research and data provider focused primarily on credit information related to municipal bonds. Merritt's database provides and maintains the highest-quality set of comprehensive financial and supplemental data in the municipal finance industry.
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announced 12/24/2014 via Company Press Release

The Hearst Corporation, will acquire Fitch Ratings Ltd.

synopsis: Hearst Corporation announced that it will purchase from Fimalac S.A. an additional 30 percent interest in global ratings agency Fitch Group, bringing Hearst's equity interest to 80 percent. Fimalac will retain a 20 percent equity interest in Fitch Group.
buyer: The Hearst Corporation
Hearst Corporation is one of the nation's largest diversified media and information companies. Its major interests include ownership of 15 daily and 36 weekly newspapers, including the Houston Chronicle, San Francisco Chronicle, San Antonio Express-News and Albany Times Union. "
target parent: Fimalac SA
target: Fitch Ratings Ltd. (:$693.00)
Dual-headquartered in New York and London with over 50 offices worldwide, Fitch Ratings is a global rating agency dedicated to providing value beyond the rating through independent and prospective credit opinions, research and data.
price ($mm)
$1,965*
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closed 11/1/2010 via Market Wire

Thomson Reuters, acquired Highline Financial, LLC

synopsis: Thomson Reuters announced it acquired Highline Financial, a financial information and analytics provider focused on the US banking sector. The acquisition supports Thomson Reuters strategy of providing timely, accurate and high quality information by expanding its offering to include differentiated financial content and analytics.
buyer: Thomson Reuters (TRI:$5,921.00)
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. They combine industry expertise with innovative technology to deliver critical information to leading decision makers. "
target parent: Spire Capital Partners, L.P.
target: Highline Financial, LLC
Highline Financial is the preferred source of banking information and analytics with decades of experience serving the financial industry.
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closed 5/3/2010 via PR Newswire

Morningstar, Inc., acquired Realpoint, LLC

synopsis: Morningstar, Inc., a leading provider of independent investment research, has completed its previously announced acquisition of Realpoint, LLC, a Nationally Recognized Statistical Ratings Organization (NRSRO) that specializes in structured finance.
buyer: Morningstar, Inc. (MORN:$1,244.10)
Morningstar provides data on more than 300,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 4 million equities, indexes, futures, options, and commodities, in addition to foreign exchange and Treasury markets. "
target: Realpoint, LLC
Realpoint is a nationally recognized credit-rating agency that has earned a reputation for innovation and excellence in the structured finance market. Their goal is to increase market transparency and provide investors with the highest quality ratings and analysis.
price ($mm)
$48
rev ($mm)
$12
EBITDA ($mm)
EV / rev
4.0x
EV / EBITDA
closed 8/12/2014 via BusinessWire

MSCI Inc., acquired GMI Ratings

synopsis: MSCI Inc., a leading provider of investment decision support tools worldwide, announced that it has completed the acquisition of GMI Ratings, a provider of corporate governance research and ratings on over 6,000 companies worldwide.
buyer: MSCI Inc. (MSCI:$1,476.56)
MSCI is a leading provider of investment decision support tools to around 6,200 clients worldwide, ranging from large pension plans to boutique hedge funds. They offer a range of products and services - including indices, portfolio risk and performance analytics, and governance tools. "
target: GMI Ratings
GMI Ratings is an independent provider of research and ratings on environmental, social, governance and accounting-related risks affecting the performance of public companies. They help investors assess the sustainable investment value of corporations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/22/2010 via Market Wire

The Corporate Library merged with GovernanceMetrics International,

synopsis: The Corporate Library and GovernanceMetrics International (GMI) announced they have merged, uniting two leading global corporate governance research and risk rating firms. This merger creates the world's leading independent firm dedicated to the development and sale of corporate governance risk ratings.
buyer parent: GovernanceMetrics International
buyer: GovernanceMetrics International
GovernanceMetrics International (GMI) is the largest independent provider of global corporate governance research, ratings and risk analysis. GMI provides in-depth coverage of 4,200 companies, including the complete MSCI World Index and extensive Emerging Market coverage. "
target parent: The Corporate Library
target: The Corporate Library
The Corporate Library has been the leading independent firm providing corporate governance research, advisory and risk analysis solutions. They rate companies on a proprietary set of governance risk factors, allowing businesses to evaluate governance as an element of investment and other risk.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/3/2009 via BusinessWire

RiskMetrics Group, Inc., acquired KLD Research & Analytics, Inc.

synopsis: RiskMetrics Group a leading provider of risk management and corporate governance services to the global financial community, announced that it has acquired KLD Research & Analytics, Inc. Headquartered in Boston, KLD is a leader in environmental, social and governance (ESG) research and indexes for institutional investors.
buyer: RiskMetrics Group, Inc.
RiskMetrics provides expertise to the financial community through a broad range of research, analytics, data and other products and services. Formerly a division of JP Morgan, RiskMetrics Group became an independent company in 1998. "
target: KLD Research & Analytics, Inc.
KLD Research & Analytics, Inc. is the leading authority on social research and indexes for institutional investors. Since 1988, institutional investors, managers, trustees, consultants and advisors have depended on the quality and expertise of KLD.
price ($mm)
$9.88
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/4/2020 via PR Newswire

Cboe Global Markets, Inc., acquired Hanweck Associates, LLC

synopsis: Cboe Global Markets, Inc. has acquired Hanweck Associates, LLC, a real-time risk analytics company. Hanweck is expected to help Cboe clients better understand how their balance sheet is optimized through real-time margin calculations of non-linear instruments and analytics that optimize portfolio allocations and hedges.
buyer: Cboe Global Markets, Inc. (CBOE:$2,815.00)
Cboe is one of the world's largest exchange holding companies, offering cutting-edge trading and investment solutions to investors. The company is committed to defining markets and driving global marketplaces forward through product innovation, leading-edge technology and seamless trading solutions."
target: Hanweck Associates, LLC
Hanweck is the leading provider of real-time risk analytics on global derivatives market. The firm's data brings visibility and clarity to capital and balance sheet constraints of banks, broker/dealers, hedge funds, central counterparties, and exchanges.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/27/2019 via Financial Times

London Stock Exchange Group, will acquire Refinitiv

synopsis: London Stock Exchange Group, a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community, will acquire Refinitiv, a company that provides information, insights and technology that drive innovation and performance in global financial markets.
buyer: London Stock Exchange Group (LSE:LSE:$3,165.11)
London Stock Exchange Group is a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community. The Group operates a broad range of international equity, bond and derivatives markets. "
target parent: Blackstone Group LP
target: Refinitiv
Refinitiv provides information, insights and technology that drive innovation and performance in global financial markets. Their heritage of integrity enables customers to make critical decisions with confidence while their best-in-class data and cutting-edge technologies enable greater opportunity.
price ($mm)
$27,000
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/1/2018 via Company Press Release

Blackstone Group LP, acquired Thomson Reuters Financial & Risk

synopsis: Thomson Reuters announced that it has closed the sale of a 55% interest in the company's Financial & Risk business to private equity funds managed by Blackstone. The Financial & Risk business is now known as Refinitiv. The unit provides research and analysis tools to financial markets professionals.
buyer: Blackstone Group LP (BX:$1,913.85)
Blackstone is one of the world’s leading investment firms. They seek to create positive economic impact and long-term value for their investors, the companies they invest in, and the communities in which they work. Tactical Opportunities is Blackstone's opportunistic investment platform. "
target parent: Thomson Reuters
target: Thomson Reuters Financial & Risk
The acquisition includes the financial and risk division of Thomson Reuters. The unit provides research and analysis tools to financial markets professionals. Thomson Reuters is the world's leading source of news and information for professional markets.
price ($mm)
$11,000*
rev ($mm)
$6,112
EBITDA ($mm)
$1,916
EV / rev
3.3x
EV / EBITDA
10.4x
closed 11/30/2015 via BNC Analysis

Bisnode AB, purchased Bonline, Bonitetna Hisa, and Rating from Dun & Bradstreet, Inc.

synopsis: Bisnode, a business intelligence company, said it has become the owner of three ratings agencies - Croatia's Bonline, Slovenia's Bonitetna Hisa and Serbia's Rating, which previously operated under peer Dun & Bradstreet (D&B) in Southeast Europe.
buyer parent: Ratos AB
buyer: Bisnode AB
Bisnode enables people to make smart decisions. They turn data into insights that facilitate decision-making in both strategic issues and daily operations for companies and organizations throughout Europe. "
seller: Dun & Bradstreet, Inc. (DNB:$1,813.10)
Bonline (Croatia), Bonitetna Hisa (Slovenia), and Rating (Serbia) are Southeastern European ratings agencies of Dun & Bradstreet, the world's leading source of commercial data, analytics and insight on businesses.
price ($mm)
rev ($mm)
$1
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 11/14/2011 via Wall Street Journal

Moody's Corporation, acquired Copal Partners

synopsis: Moody's Corporation announced that it has acquired a majority stake in the companies of Copal Partners. Copal's companies are among the world's leading providers of outsourced research and analytical services to institutional customers. Services provided include due diligence support, industry and company analyses, and more.
buyer: Moody's Corporation (MCO:$4,829.00)
Moody's Corporation is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. "
target: Copal Partners
Copal Partners' companies are among the world's leading providers of outsourced research and analytical services to institutional customers. They provide a range of services to leading institutional investors, investment banks, private equity firms, hedge funds and corporations globally.
price ($mm)
rev ($mm)
$50
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 10/27/2010 via BusinessWire

MF Global Holdings Ltd, will purchase Washington Research Group from Concept Capital

synopsis: Concept Capital, a leading institutional broker and total solutions provider for global investment managers, announced that it has entered into an agreement to sell its Washington D.C. based research division, the Washington Research Group, to MF Global Holdings Ltd.
buyer: MF Global Holdings Ltd (MF:$2,233.57)
MF Global provides a range of services and support for a diverse client base that includes institutions, corporations and government entities, introducing brokers and other industry professionals, and individual investors and traders. "
seller parent: Sanders Morris Harris Group Inc.
seller: Concept Capital
Washington Research Group is a 15-member policy analyst team providing institutional investors with insights about the impact of Washington policy on their investment decisions. The team's clients include the largest mutual funds and hedge funds in the country.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/29/2019 via PR Newswire

Morningstar, Inc., will acquire DBRS Limited

synopsis: Morningstar, Inc., a leading provider of independent investment research, will be acquiring DBRS, the world's fourth-largest credit ratings agency. DBRS is an independent, privately held, globally recognized credit ratings agency.
buyer: Morningstar, Inc. (MORN:$1,244.10)
Morningstar, Inc. is a leading provider of independent investment research. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. "
target: DBRS Limited
DBRS is an independent, privately held, globally recognized credit ratings agency. DBRS’s approach and size provide the agility to respond to customers’ needs in their local markets, while being large enough to provide the necessary expertise and resources.
price ($mm)
$669
rev ($mm)
$167
EBITDA ($mm)
EV / rev
4.0x
EV / EBITDA
closed 5/21/2009 via Company Press Release

Guidepoint Global, LLC., acquired Vista Research, Inc.

synopsis: The McGraw-Hill Companies announced the sale of Vista Research Inc., to Guidepoint Global, LLC, a leading provider of primary research services to investors around the world.
buyer: Guidepoint Global, LLC.
Established in 2003 as Clinical Advisors, Guidepoint Global is a global consulting and research firm that delivers superior, customized expertise and research tools to professionals in finance, professional services and industry. "
target parent: The McGraw-Hill Companies, Inc.
target: Vista Research, Inc.
Vista Research, Inc. provides institutional money managers and hedge funds with access to a broad network of top-quality industry practitioners who share fresh, field-level insights with Vista's clients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Geography
Matching Companies
Ticker: MSCI
 
 
 
 
 
 
 
 
MSCI Inc.
MSCI Inc.
MSCI is an independent provider of research-driven insights and tools for institutional investors. They have deep expertise in the areas of risk and performance measurement that is based on more than 40 years of academic research, real-world experience and collaboration with their clients.
year
2019
rev ($mm)
$1,476.56
EBITDA ($mm)
$767.41
EBIT ($mm)
$709.17
Net Income ($mm)
$579.85
Employees
3266
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Ticker: 601519.SS
 
 
 
 
 
 
 
 
Shanghai Great Wisdom Co., Ltd.
Shanghai Great Wisdom Co., Ltd.
Great Wisdom provides services in the areas of financial database, real-time quotes transmission, real-time quotes reveal and investment analysis software, financial education system, information dissemination, Web and other areas of financial services platform.
year
2013
rev ($mm)
$92.77
EBITDA ($mm)
($76.41)
EBIT ($mm)
($68.57)
Net Income ($mm)
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Ticker: INIX.PK
 
 
 
 
 
 
 
 
iFinix Corporation
iFinix Corporation
Ifinix is a leading global provider of financial and business information to professionals and active individual investors. Building on a 20-year legacy of delivering time-sensitive financial information, Ifinix provides streaming, real-time market data, news and analytics.
year
2011
rev ($mm)
$0.54
EBITDA ($mm)
($0.26)
EBIT ($mm)
($0.27)
Net Income ($mm)
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Ticker: MORN
 
 
 
 
 
 
 
 
Morningstar, Inc.
Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions.
year
2020
rev ($mm)
$1,244.10
EBITDA ($mm)
$251.90
EBIT ($mm)
$184.60
Net Income ($mm)
$142.70
Employees
6896
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