Like CapitalStructure

closed 5/19/2015 via PR Newswire

Covenant Review, acquired CapitalStructure

synopsis: Covenant Review and its majority shareholder, Leeds Equity Partners announced the acquisition of CapitalStructure. London-based CapitalStructure is an independent provider of insightful first-to-market news on and analysis of the European sub-investment grade credit universe to a broad client base.
buyer parent: Leeds Equity Partners
buyer: Covenant Review
Covenant Review, LLC conducts research on corporate bond covenants. It maintains a proprietary database of research reports on bond covenants. The company caters to mutual funds, insurance companies, pension funds, hedge funds, and institutional asset managers. "
target: CapitalStructure
CapitalStructure is an independent provider of insightful first-to-market news on and analysis of the European sub-investment grade universe to a client base of fund managers, credit analysts, private equity sponsors, investment bankers, restructuring advisors, traders, lawyers and accountants.
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closed 2/5/2020 via Company Press Release

Markets Media, acquired Best Execution World Limited

synopsis: Leading U.S.-based digital financial news publisher Markets Media Group (MMG) has acquired Best Execution World Limited (BEW), the London-based publisher of Best Execution and The DESK. Best Execution offers an in-depth analysis into the major trends that are shaping the financial services industry.
buyer: Markets Media
Markets Media Group was founded in 2007 with one mission: to be the pre-eminent provider of news and information about trading and technology in capital markets. The coverage remit spans equities, fixed income, and FX, and covers buy-side investment managers, sell-side broker-dealers, and more. "
target: Best Execution World Limited
Best Execution offers an in-depth analysis into the major trends that are shaping the financial services industry as well as providing a more detailed insight into the technology driving new products and services being developed to meet these challenges. It’s where the buyside and sellside meet.
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closed 4/21/2018 via PR Newswire

Markets Media, acquired GlobalTrading

synopsis: Markets Media Group has announced the acquisition of GlobalTrading, a leading publication and forum for the electronic trading industry. Based in Hong Kong, GlobalTrading's FIXGlobal.com is the official publication of the FIX Trading Community, the non-profit, industry-driven standards body at the heart of global trading.
buyer: Markets Media
Markets Media Group covers institutional capital markets, spanning buy-side investment managers, sell-side banks, hedge funds, exchanges, trading platforms, and software providers. "
target: GlobalTrading
GlobalTrading is a leading publication and forum for the electronic trading industry. Based in Hong Kong, GlobalTrading's FIXGlobal.com is the official publication of the FIX Trading Community, the non-profit, industry-driven standards body at the heart of global trading.
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closed 6/30/2009 via Folio: First Day

Asset International, Inc., acquired The Trade, Ltd.

synopsis: Asset International, Inc. has agreed to acquire The Trade Ltd, a London-based firm that directly and through major events provides institutional investors with news and other specialty content focused on buy-side electronic trading.
buyer parent: Austin Ventures, L.P.
buyer: Asset International, Inc.
Asset International, Inc. owns and operates publishing, email, newsletter, and education portals focusing on retirement and international securities services industries. The company provides news, content, research, training and e-commerce solutions. "
target: The Trade, Ltd.
Based in London, The Trade Ltd publishes The Trade, The Trade Asia, thetradenews.com and specialty publications on algorithmic trading, execution venues and other content of interest to institutional investors who employ electronic trading networks.
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closed 9/16/2020 via BusinessWire

SRAX, acquired LD Micro

synopsis: SRAX, Inc., a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, has acquired LD Micro, a leading data and event company serving the small and micro-cap space.
buyer: SRAX (SRAX:$3.60)
SRAX is a financial technology company that unlocks data and insights for publicly traded companies. Through its premier investor intelligence and communications platform, Sequire, companies can track their investors’ behaviors and engage current and potential investors across marketing channels. "
target: LD Micro
LD Micro is a leading data and event company serving the small and micro-cap space. What started out as a newsletter highlighting unique companies has transformed into several virtual and in-person events hosted annually.
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closed 1/6/2016 via BNC Analysis

MergerMarket Group, acquired Creditflux

synopsis: Mergermarket Group, a global media company providing the financial industry with forward-looking intelligence, analysis and data, has acquired Creditflux, a provider of intelligence, analysis, data and events covering CLO and credit fund pricing, investments, trading and returns.
buyer parent: BC Partners
buyer: MergerMarket Group
Mergermarket Group is a global media company providing investment banks, advisory professionals, fund managers, private equity firms, industry and corporate professionals with forward-looking intelligence, analysis and data. "
target: Creditflux
Creditflux is the leading independent information source worldwide for the rapidly evolving credit trading and investment market. They publish a monthly newsletter, online daily news and comprehensive databases of CLOs and credit fund returns.
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closed 3/29/2017 via BNC Analysis

Embark Group, acquired DISCUS (Discretionary Investment Services Coming Under Scrutiny) Ltd.

synopsis: Retirement solutions provider Embark Group, which also owns The Adviser Centre, has acquired DISCUS, a discretionary investment insight business. DISCUS Ltd curates and publishes relevant content on the DISCUS website, supplied by discretionary investment contributors and other well-known personalities in the financial services profession.
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: DISCUS (Discretionary Investment Services Coming Under Scrutiny) Ltd.
DISCUS Ltd is an innovative financial services business designed to deliver quality insight, discussion and information on the outsourced investment market, particularly discretionary propositions, to financial advisers and other professionals.
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announced 9/30/2020 via BNC Analysis

Growth Company Investor, will acquire Growth Company Investor

synopsis: Growth Company Investor (GCI)'s editor, David Thornton, will acquire the company from Bonhill Group plc, a leading B2B media business in the UK. GCI is a monthly investment recommendation newsletter for private investors. GCI focuses on small caps and conducts 250 CEO interviews a year to generate great investment ideas for their members.
buyer: Growth Company Investor
Growth Company Investor (GCI) is a monthly investment recommendation newsletter for private investors. GCI focuses exclusively on small caps and conducts 250 CEO interviews a year to generate great investment ideas for their members. GCI is published monthly as a PDF download for their members. "
target parent: Bonhill Group plc
target: Growth Company Investor
Growth Company Investor (GCI) is a monthly investment recommendation newsletter for private investors. GCI focuses exclusively on small caps and conducts 250 CEO interviews a year to generate great investment ideas for their members. GCI is published monthly as a PDF download for their members.
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closed 1/17/2018 via Company Press Release

L'Agefi (France), acquired Indinvest

synopsis: L'Agefi, an economic and financial press group in France, has acquired Indinvest, a professional press group in France that operates Instit Invest and Distrib Invest. Instit Invest is an information site dedicated to institutional investors. It provides information on issues related to asset allocation, regulation, risk control, and governance.
buyer parent: Groupe Artémis
buyer: L'Agefi (France)
L'Agefi is an economic and financial press group in France. They provide an online newspaper, L'Agefi Quotidien, through their website and mobile app. They also offer the L'Agefi Hebdo, a weekly magazine about the finance industry, and the L'Agefi actifs, a weekly magazine about wealth management. "
target: Indinvest
Indinvest is a professional press group in France that operates Instit Invest and Distrib Invest. Instit Invest is the first independent information site dedicated to institutional investors. It provides information on issues related to asset allocation, regulation, risk control, and governance.
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announced 9/15/2017 via Company Press Release

Wallstreet:online AG, will acquire Der Investoren-Kompass

synopsis: Wallstreet:online, a Germany-based online platform that provides information and news about stock markets, finance, economics, and investments, will acquire Der Investoren-Kompass, a free stock market newsletter in Germany that provides specific investment advice for private investors on a weekly basis.
buyer: Wallstreet:online AG (DB:WSO1:$8.62)
Wallstreet:online is a Germany-based online platform that provides information and news about stock markets, finance, economics, and investments. Wallstreet:online is the most active financial community in Germany, with up to 10,000 new user posts a day in over 80 forums. "
target: Der Investoren-Kompass
Der Investoren-Kompass is a free stock market newsletter in Germany that provides specific investment advice for private investors on a weekly basis. Der Investoren-Kompass covers news for all the important topics for German investors, including topics about equities, commodities, and currencies.
price ($mm)
$30
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closed 7/13/2017 via BusinessWire

Eagle Financial Publications, acquired TradersCrux

synopsis: Salem Media Group, through its wholly-owned Eagle Financial Publications, has acquired TradersCrux, an investment website for individual investors. It also provides a daily newseltter with links to the best investment articles from across the web.
buyer parent: Salem Media Group
buyer: Eagle Financial Publications
Eagle Financial Publications provides market analysis and specific investment advice for individual investors from financial commentators as well as a stock screening website for dividend investors. "
target: TradersCrux
TradersCrux.com is an investment website for individual investors. It also provides a daily newseltter with links to the best investment articles from across the web. They are based in Miami, FL.
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closed 4/26/2017 via PE Hub

Investoo Group, acquired iNVEZZ Limited

synopsis: Investoo Group, one of the world’s biggest FX trading affiliates, has acquired Invezz.com in order to extend its reach into the financial trading the industry. Founded in 2012, Invezz, is a leading financial news site and peer review marketplace for CFDs, Forex, Shares and more.
buyer parent: Optimizer Invest Limited
buyer: Investoo Group
Investoo Group is a newly funded financial venture that aims to become one of the biggest lead generation companies in the Forex and retail investment industry. They offer a free online educational platform, a buzzing community and a continuous stream of innovative trading products. "
target: iNVEZZ Limited
Founded in 2012, Invezz, is a leading financial news site and peer review marketplace for CFDs, Forex, Shares and more. The site has more than 200,000 unique visitors per month.
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closed 1/18/2017 via PR Newswire

StockTwits LLC, acquired SparkFin

synopsis: StockTwits, the largest social platform for investors and traders, announced it has completed an acquisition of SparkFin Inc., the realtime stock discovery platform, based in San Diego, California. SparkFin will continue their operations and join the pre-existing StockTwits San Diego team.
buyer: StockTwits LLC
StockTwits® is a financial communications platform for the financial and investing community. StockTwits created the $TICKER tag to enable and organize “streams” of information around stocks and markets across the web and social media. "
target: SparkFin
SparkFin is the first natively mobile stock discovery platform with the best ideas from top traders and investors. Launched in 2015, they create and maintain lists of stocks that are either editorially managed or based on market and fundamental data.
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closed 6/20/2018 via Company Press Release

Acuris, acquired SparkSpread

synopsis: Acuris, the BC Partners and GIC-backed provider of global data, intelligence, research and analysis has acquired SparkSpread, a specialist online news service providing exclusive intelligence on M&A and financing in the global energy industry.
buyer parent: BC Partners
buyer: Acuris
Acuris powers business growth for financial and professional services firms. Through subscription-based digital services and a wide range of industry-leading events, they provide unique, high-value content that enables their customers to make the decisions based on high quality research & analysis. "
target: SparkSpread
SparkSpread is a specialist online news service providing exclusive intelligence on M&A and financing in the global energy industry. SparkSpread has become recognized as a premier source for energy financing, trading and M&A intelligence.
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closed 9/12/2012 via GlobeNewswire

TheStreet, Inc., acquired The Deal LLC

synopsis: TheStreet, Inc. announced that it has completed the acquisition of The Deal LLC from Wasserstein & Co. The Deal LLC is a digital subscription platform that delivers sophisticated coverage of the deal economy, primarily through The Deal Pipeline, a leading provider of transactional information and services.
buyer: TheStreet, Inc. (TST:$53.11)
TheStreet, Inc. is a leading digital financial media company that distributes its content through online, social media, tablet and mobile channels. The Company's network of brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, and more. "
target parent: Wasserstein & Co., LP
target: The Deal LLC
Founded in 1999 as The Daily Deal print newspaper, The Deal LLC transformed its business into a digital subscription platform that delivers sophisticated coverage of the deal economy, primarily through The Deal Pipeline, a leading provider of transactional information and services.
price ($mm)[EV]
$5.20 [$18.24]
rev ($mm)
$11
EBITDA ($mm)
EV / rev
10.4x
EV / EBITDA
closed 1/5/2017 via Reuters

Finance Magnates, acquired ForexLive

synopsis: Currency market news and information website Finance Magnates has agreed to purchase online peer ForexLive for an undisclosed sum. ForexLive offers up-to-the-minute commentary on currencies, policy, and international markets.
buyer: Finance Magnates
Finance Magnates is the world’s only multi-asset trading knowledge hub, offering news, research and events in the field of the global online/electronic trading industry and market. "
target: ForexLive
ForexLive offers up-to-the-minute commentary on currencies, policy, and international markets. With veteran analysts spanning the globe and publishing updates 24/7, the ForexLive team brings speed and clarity to the forex world.
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closed 3/25/2019 via BNC Analysis

Robinhood, acquired MarketSnack

synopsis: Robinhood, a no-fee trading stock trading startup, has acquired MarketSnacks, a daily podcast and newsletter, that focuses solely on finance, featuring a funny photo and humorous analysis on three to four news items each morning.
buyer: Robinhood
Robinhood is a new way to invest in the stock market. Robinhood started with the idea that a technology-driven brokerage could operate with significantly less overhead, letting users goodbye to trading commissions. Their smartphone app allows individual investors to buy and sell stocks for free. "
target: MarketSnack
MarketSnacks is a daily newsletter that simplifies Wall Street. An understanding of financial news is essential today, but there are too many resources with too much jargon. MarketSnacks filters out the noise and explain what's important in one bite-sized snack – clear, condensed, and entertaining.
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announced 12/19/2018 via Company Press Release

Euromoney Institutional Investor PLC, will acquire The Deal LLC

synopsis: Euromoney Institutional Investor PLC agreed to buy the institutional units of TheStreet Inc. (TST) which comprise The Deal, which was founded in 1999 by the late Bruce Wasserstein, and relationship mapping service BoardEx. The Deal is a trusted source of data, news and intelligence on mergers and acquisitions.
buyer: Euromoney Institutional Investor PLC (LSE:ERM:$430.13)
Euromoney Institutional Investor PLC is an international business-information group covering asset management, price discovery, data & market intelligence, and banking & finance under brands including Euromoney, Institutional Investor, BCA Research, Ned Davis Research and Metal Bulletin. "
target parent: TheStreet, Inc.
target: The Deal LLC
The Deal is a trusted source of data, news and intelligence on mergers and acquisitions, activist investing, private equity and restructuring. BoardEx is an executive profiling and relationship mapping platform.
price ($mm)
$87
rev ($mm)
$25
EBITDA ($mm)
EV / rev
3.5x
EV / EBITDA
closed 11/28/2018 via BNC Analysis

Caliber Corporate Advisers, acquired The Financial Revolutionist

synopsis: Caliber Corporate Advsiers (Helix Edge Holdings), a company dedicated to delivering timely insights and marketing services, announces its acquisition of Financial Revolutionist Holdings Corp. The Financial Revolutionist ("The FR") is a NY-based media company covering the changes technology and innovation are bringing to financial services.
buyer: Caliber Corporate Advisers
Caliber Corporate Advisers is a strategic marketing advisory firm that helps companies tell their story and connect with key stakeholders. They provide best-in-class strategy and tactical execution of public relations and content marketing initiatives, as well as contacts’ database research. "
target: The Financial Revolutionist
Founded by Gregg M. Schoenberg and Robert Jaeger in 2015, The Financial Revolutionist ("The FR") is a New York-based media company covering the changes technology and innovation are bringing to financial services.
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closed 3/28/2018 via Company Press Release

Mohamed Radwan & Omar Radwan, acquired Arab Finance Brokerage Company

synopsis: Arab Finance Brokerage Co. announced a group of investors finalized the acquisition of 100% of Arab Finance. Among the new shareholders, were market experts Mohamed Radwan, Ex-Board member In Pharos Securities and Omar Radwan. Arab Finance is one of the most prestigious and well-known news websites in the financial sector.
buyer: Mohamed Radwan & Omar Radwan
Mohamed Radwan is the Ex-Board member In Pharos Securities and Omar Radwan is the former Head of Asset Management in HC Securities & Investment. "
target: Arab Finance Brokerage Company
Arab Finance is one of the most prestigious and well-known news websites in the financial sector. Arab Finance has one of the oldest news portal covering the Egyptian EGX and macroeconomic news. In addition, Arab Finance also provides its services as a brokerage house specialized in online trading.
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closed 5/19/2015 via PR Newswire

Covenant Review, acquired CapitalStructure

synopsis: Covenant Review and its majority shareholder, Leeds Equity Partners announced the acquisition of CapitalStructure. London-based CapitalStructure is an independent provider of insightful first-to-market news on and analysis of the European sub-investment grade credit universe to a broad client base.
buyer parent: Leeds Equity Partners
buyer: Covenant Review
Covenant Review, LLC conducts research on corporate bond covenants. It maintains a proprietary database of research reports on bond covenants. The company caters to mutual funds, insurance companies, pension funds, hedge funds, and institutional asset managers. "
target: CapitalStructure
CapitalStructure is an independent provider of insightful first-to-market news on and analysis of the European sub-investment grade universe to a client base of fund managers, credit analysts, private equity sponsors, investment bankers, restructuring advisors, traders, lawyers and accountants.
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closed 10/14/2015 via PR Newswire

Covenant Review, acquired PacerMonitor

synopsis: Covenant Review, the authority on bond and loan covenants, and its majority shareholder, Leeds Equity Partners, a private equity fund focused exclusively on investing in the Knowledge Industries, announced its acquisition of PacerMonitor, a revolutionary way legal and financial research and manage bankruptcy and federal litigation proceedings.
buyer parent: Leeds Equity Partners
buyer: Covenant Review
Covenant Review is relied upon by fixed income professionals as the authority on bond and loan covenants. Customers use their services as risk management tools, sources of investment ideas, benchmarking tools to compare deal structures, and investment process and workflow management solutions. "
target: PacerMonitor
PacerMonitor provides a powerful, full-featured, yet easy-to-use research tool that enables professionals to stay current on important cases across 200+ federal bankruptcy, district, and appellate court jurisdictions.
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closed 5/19/2015 via PR Newswire

Covenant Review, acquired CapitalStructure

synopsis: Covenant Review and its majority shareholder, Leeds Equity Partners announced the acquisition of CapitalStructure. London-based CapitalStructure is an independent provider of insightful first-to-market news on and analysis of the European sub-investment grade credit universe to a broad client base.
buyer parent: Leeds Equity Partners
buyer: Covenant Review
Covenant Review, LLC conducts research on corporate bond covenants. It maintains a proprietary database of research reports on bond covenants. The company caters to mutual funds, insurance companies, pension funds, hedge funds, and institutional asset managers. "
target: CapitalStructure
CapitalStructure is an independent provider of insightful first-to-market news on and analysis of the European sub-investment grade universe to a client base of fund managers, credit analysts, private equity sponsors, investment bankers, restructuring advisors, traders, lawyers and accountants.
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closed 9/30/2014 via PR Newswire

Leeds Equity Partners, acquired Covenant Review

synopsis: Leeds Equity Partners, LLC, announced that it has made an equity investment in Covenant Review, LLC. Covenant Review provides institutional investors and other bond and loan market participants with unparalleled understanding of the legal documentation governing their securities investments.
buyer: Leeds Equity Partners
Leeds Equity Partners is a private equity firm focused on investments in the education, training and information and business services industries (the "Knowledge Industries"). Leeds Equity has deployed over $2.6 billion of capital in investments across the knowledge sector spectrum. "
target: Covenant Review
Covenant Review, LLC conducts research on corporate bond covenants. It maintains a proprietary database of research reports on bond covenants. The company caters to mutual funds, insurance companies, pension funds, hedge funds, and institutional asset managers.
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closed 9/30/2014 via PR Newswire

Leeds Equity Partners, acquired Covenant Review

synopsis: Leeds Equity Partners, LLC, announced that it has made an equity investment in Covenant Review, LLC. Covenant Review provides institutional investors and other bond and loan market participants with unparalleled understanding of the legal documentation governing their securities investments.
buyer: Leeds Equity Partners
Leeds Equity Partners is a private equity firm focused on investments in the education, training and information and business services industries (the "Knowledge Industries"). Leeds Equity has deployed over $2.6 billion of capital in investments across the knowledge sector spectrum. "
target: Covenant Review
Covenant Review, LLC conducts research on corporate bond covenants. It maintains a proprietary database of research reports on bond covenants. The company caters to mutual funds, insurance companies, pension funds, hedge funds, and institutional asset managers.
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closed 10/27/2017 via PR Newswire

Genstar Capital LLC, acquired Institutional Shareholder Services

synopsis: Institutional Shareholder Services Inc., a leading provider of corporate governance and responsible investment solutions to financial market participants, announced that Genstar Capital has completed the acquisition of ISS from Vestar Capital Partners, a leading U.S. middle-market private equity firm.
buyer: Genstar Capital LLC
Genstar Capital is a leading private equity firm that has been actively investing in high quality companies for nearly 30 years. Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. "
target parent: Vestar Capital Partners
target: Institutional Shareholder Services
Institutional Shareholder Services Inc. (ISS) is the world’s leading provider of corporate governance and responsible investment (RI) solutions for asset owners, asset managers, hedge funds, and asset service providers.
price ($mm)
$720
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closed 4/30/2014 via BusinessWire

Vestar Capital Partners, acquired Institutional Shareholder Services

synopsis: Institutional Shareholder Services Inc. ("ISS"), a leading provider of corporate governance solutions to the global financial community, has been acquired by Vestar Capital Partners. ISS provides proxy research, voting services and corporate governance advisory services to financial institutions and corporations worldwide.
buyer: Vestar Capital Partners
Vestar Capital Partners is a leading U.S. middle market private equity firm specializing in management buyouts and growth capital investments. Vestar invests and collaborates with incumbent management teams and private owners to build long-term enterprise value. "
target parent: MSCI Inc.
target: Institutional Shareholder Services
Institutional Shareholder Services ("ISS") is the world's leading provider of corporate governance and proxy voting solutions. ISS provides proxy research, voting services and corporate governance advisory services to financial institutions and corporations worldwide.
price ($mm)
$367
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closed 12/19/2011 via GlobeNewswire

The NASDAQ OMX Group, Inc., acquired RapiData LLC

synopsis: The NASDAQ OMX Group, Inc. has acquired the business of RapiData, a provider of machine-readable economic news to trading firms and financial institutions. With this acquisition, NASDAQ OMX will deliver U.S. government and other economic news directly from the source to customers interested in receiving information in an electronic feed.
buyer: The NASDAQ OMX Group, Inc. (NasdaqGS:NDAQ:$5,926.00)
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,500 listed companies. "
target parent: Investcorp
target: RapiData LLC
RapiData LLC is a premier provider of key economic data to today's most sophisticated and time-sensitive market participants. Unlike its competitors, RapiData is a boutique firm with one product - RapiData, and it is focused on staying cutting-edge in order to maintain an edge for its clients.
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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 8/9/2010 via Company Press Release

Euromoney Institutional Investor PLC, will acquire Arete Consulting, Ltd.

synopsis: Euromoney Institutional Investor PLC, the international publishing, events and electronic information group, has agreed to acquire Arete Consulting Limited, the world’s leading database of retail structured investment products. The acquisition is in line with Euromoney’s strategy of investing in high-growth online subscription data businesses.
buyer parent: Daily Mail and General Trust plc
buyer: Euromoney Institutional Investor PLC (LSE:ERM:$430.13)
Euromoney Institutional Investor PLC is a leading international business-to-business media group focused primarily on the international finance, metals and commodities sectors. It publishes more than 70 titles, including Euromoney, Institutional Investor, and Metal Bulletin. "
target: Arete Consulting, Ltd.
Arete Consulting is a specialist firm providing consultancy and training services to large multinational financial service companies. Arete Consulting also owns and runs the website StructuredRetailProducts.com, the leading online information source for the structured products market.
price ($mm)
$9.79
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closed 1/11/2007 via BusinessWire

RiskMetrics Group, Inc., acquired Institutional Shareholder Services

synopsis: RiskMetrics Group, the leading financial risk management firm, has completed its acquisition of Institutional Shareholder Services Inc.. ISS is the world’s leading provider of corporate governance and proxy voting solutions to the institutional investor community. Financial terms of the deal were not disclosed.
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: Institutional Shareholder Services
ISS is the world's leading provider of corporate governance and proxy voting solutions. ISS provides proxy research, voting services and corporate governance advisory services to financial institutions and corporations worldwide.
price ($mm)
$553
rev ($mm)
$105
EBITDA ($mm)
$29
EV / rev
5.3x
EV / EBITDA
19.1x
closed 11/1/2019 via BusinessWire

Morgan Group Holding Co., acquired G.research, LLC

synopsis: Morgan Group Holding Co. announced the completion of its acquisition of G.research, LLC, a wholly owned subsidiary of Associated Capital Group. G.Research is an institutional research and brokerage firm. They publish on approximately 250 companies globally with an emphasis on small & mid-cap ideas.
buyer: Morgan Group Holding Co. (OTCPK:MGHL:$0.00)
Morgan Group Holding Company is a publicly traded fully reporting holding company with no operating businesses. They are actively pursuing business opportunities primarily in, but not limited to, the US manufacturing sector with EBITDA of $5-$20 million. "
target parent: Associated Capital Group
target: G.research, LLC
G.Research is an institutional research and brokerage firm. They publish on approximately 250 companies globally with an emphasis on small & mid-cap ideas.
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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.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/15/2014 via PR Newswire

Trading Central SA, will acquire Recognia

synopsis: Trading Central, a global leader in technical analysis research, announced it has entered into a definitive agreement to acquire Recognia Inc., a global leader in automated quantitative analysis and engagement solutions. The transaction enables Recognia and Trading Central to create a global leader in technical and quantitative analysis solutions.
buyer: Trading Central SA
Trading Central is a leading investment research provider to financial market professionals. Their technical strategies cover equity, index, fixed-income, forex and commodities markets. "
target: Recognia
Recognia is a global leader in automated quantitative analysis and engagement solutions for retail online brokers and institutions and their 20+ million investors and traders. Recognia’s product suite increases user engagement by offering dynamic and action-oriented trading ideas.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/24/2021 via BNC Analysis

Acuity Trading, acquired Signal Centre

synopsis: Acuity Analytics, the parent company of financial technology firm Acuity Trading, announced that it has completed its first acquisition with the purchase of research firm Signal Centre, formerly PIA First. Signal Centre was founded in 2007 as an independent research firm to serve professional clients’ central need for trading signals.
buyer: Acuity Trading
Acuity Trading is a sentiment-based technology company focused on bringing Big Data solutions to the retail and institutional investment communities, including online brokers and platform providers, and corporate clients with bespoke data and analytics needs. "
target: Signal Centre
Signal Centre was founded in 2007 as an independent research firm to serve professional clients’ central need for trading signals. The focus was providing solid technical based trade ideas to Fund managers, hedge funds and central banks.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/14/2016 via BNC Analysis

IRESS Market Technology Limited, will acquire INET BFA

synopsis: IRESS, a principal supplier of sophisticated share market and wealth management systems, is acquiring INET BFA, Africa’s leading provider of financial data feeds and analysis tools. They cover African and global share prices, as well as company information including annual reports, financial statements and more.
buyer: IRESS Market Technology Limited (ASX:IRE:$292.95)
IRESS is a principal supplier of sophisticated share market and wealth management systems around the world. Innovative and extensive, IRESS solutions deliver streamlined data and workflow to financial markets and wealth management professionals. "
target parent: Naspers Ltd.
target: INET BFA
INET BFA is Africa’s leading provider of financial data feeds and analysis tools. They cover African and global share prices, as well as company information including annual reports, financial statements and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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:$10,512.84)
Leucadia National Corporation is a financial services holding company principally engaged in providing commercial and personal property and casualty insurance, banking and lending services; manufacture of plastic netting; own and operate gold mines; provide real estate investment trust services. "
target parent: Investment Technology Group, Inc.
target: Majestic Research, LLC
Since its inception in 2002, Majestic Research has revolutionized the financial research business with their innovative proprietary methods and tools for accessing real-time data.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/4/2015 via PE Hub

Asset International, Inc., acquired Intelligent Financial Systems

synopsis: Asset International, Inc., a leading provider of data, information and marketing solutions to the global asset management industry, has acquired Intelligent Financial Systems, a London-based provider of financial market data research and trade execution quality analysis to banks, brokers, asset managers and trading venues.
buyer parent: Genstar Capital LLC
buyer: Asset International, Inc.
Asset International (AI) provides critical data, business intelligence, and information services to the global investment management industry. AI delivers proprietary data and analytics, as well as marketing solutions that target global asset managers. "
target: Intelligent Financial Systems
Intelligent Financial Systems is a London based software company providing a range of real time and historical market data analysis services. They offer a suite of services focused on analysing execution quality, transaction costs analysis and pre-trade cost prediction for Europe’s equity markets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/23/2013 via BusinessWire

FXCM Inc., acquired Faros Trading LLC

synopsis: FXCM Inc., a leading online provider of foreign exchange, or FX, trading and related services worldwide, announced that it has acquired a 50.1% controlling interest in Faros Trading LLC. Faros Trading is a global leader in foreign exchange intelligence, market coverage, and execution services to the institutional foreign exchange market.
buyer: FXCM Inc. (GLBR:$417.32)
FXCM Inc. is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers worldwide. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. "
target: Faros Trading LLC
Faros Trading is the global leader in foreign exchange intelligence, market coverage, and execution services. Their clients are hedge funds, real money investors, reserve managers, corporations, and family offices.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/31/2011 via PR Newswire

Ticonderoga Securities, LLC., acquired Soleil Securities Corporation

synopsis: Ticonderoga Securities LLC announced that it has completed its acquisition of Soleil Securities Corporation, an institutional research, sales and trading firm that provides a wide array of services to the asset management community.
buyer: Ticonderoga Securities, LLC.
Ticonderoga Securities specializes in US domestic equity trading, equity research, equity derivative execution and research, international market making and risk arbitrage. "
target: Soleil Securities Corporation
Soleil Securities Corporation is an institutional research, sales and trading firm that provides a wide array of services to the asset management community. Soleil provides equity research on over 200 stocks and also provides macro-economic and Washington policy research.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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)
$53
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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)
$36
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/4/2011 via Market Wire

Sabrient Systems, LLC, purchased Qualitative Research Unit from Gradient Analytics

synopsis: Sabrient Systems announces the acquisition of selected assets of Gradient Analytics, including the use of the brand "Gradient Analytics." The business unit acquired by Sabrient will deliver analyst-driven research and services via Earnings Quality Analytics, Equity Incentive Analytics, Gradient International and Gradient Consulting.
buyer: Sabrient Systems, LLC
Sabrient Systems, LLC is an independent equity research firm that specializes in custom strategies using quantitative modeling to rank stocks for Alpha generation, risk measurement and creation of unique indexes tracked by exchange-traded funds (ETFs). "
seller: Gradient Analytics
Gradient Analytics, Inc. is an independent research firm providing analyst-written research work on Global Equities (Earnings Quality Analytics, Equity Incentive Analytics and Gradient International) and Consulting services for institutional clients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/31/2010 via PR Newswire

Morningstar, Inc., acquired Aegis Equities Research

synopsis: Morningstar Australasia Pty Limited, an Australian subsidiary of Morningstar, Inc., has completed its previously announced acquisition of Aegis Equities Research, a leading provider of independent equity research, from Aegis Equities Holdings Pty Ltd.
buyer: Morningstar, Inc. (MORN:$1,244.10)
Morningstar provides data on more than 300,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 4 million equities, indexes, futures, options, and commodities, in addition to foreign exchange and Treasury markets. "
target: Aegis Equities Research
Aegis is one of Australia’s leading research firms, providing incisive and rigorous securities analysis to investment advisers throughout Australia and New Zealand. Established in 1999, Aegis was founded to provide unbiased and objective fundamental equities research to the Australasian market.
price ($mm)
$11
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Geography
Matching Companies
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)
Employees
  • drill down
  • watch
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)
Employees
  • drill down
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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
  • drill down
  • watch
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
  • drill down
  • watch
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)
Employees
  • drill down
  • watch