M&A Deal Summary

FactSet Research Acquires CUSIP Global Services

On December 27, 2021, FactSet Research acquired information services company CUSIP Global Services from S&P Global for 1.9B USD

Acquisition Highlights
  • This is FactSet Research’s 11th transaction in the Information Services sector.
  • This is FactSet Research’s largest (disclosed) transaction.
  • This is FactSet Research’s 14th transaction in the United States.
  • This is FactSet Research’s 5th transaction in New York.

M&A Deal Summary

Date 2021-12-27
Target CUSIP Global Services
Sector Information Services
Buyer(s) FactSet Research
Sellers(s) S&P Global
Deal Type Divestiture
Deal Value 1.9B USD

Target

CUSIP Global Services

New York, New York, United States
website
CUSIP Global Services (CGS) is dedicated to driving efficient trading, clearing, and settlement in capital markets throughout the world by providing a unique common language for identifying financial instruments across institutions, exchanges, and nations. CGS'​ commercial databases contain issuer and issue identifiers, standardized descriptions, and related data for over 30 million unique financial instruments. CUSIP Global Services was formed in 1968 and is based in New York, New York.

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Buyer(S) 1

Buyer

FactSet Research

Norwalk, Connecticut, United States

website


Category Company
Founded 1978
Sector Information Services
Employees11,627
Revenue 1.8B USD (2022)
DESCRIPTION
FactSet's corporate headquarters in Norwalk, Connecticut.
FactSet's corporate headquarters in Norwalk, Connecticut.

FactSet Research is a global provider of financial information and analytics. Users can access company and industry intelligence as well as monitor performance with desktop analytics, mobile applications, and data feeds. FactSet Research was incorporated in 1978 and is based in Norwalk, Connecticut.


DEAL STATS #
Overall 21 of 22
Sector (Information Services) 11 of 11
Type (Divestiture) 4 of 4
State (New York) 5 of 6
Country (United States) 14 of 15
Year (2021) 2 of 2
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-13 Cobalt

Boston, Massachusetts, United States

Cobalt is a portfolio monitoring solutions provider for the private capital industry. Cobalt offers a next-generation portfolio monitoring platform that enables private capital firms to efficiently collect, analyze, and report on fund and portfolio company performance metrics and KPIs. Cobalt was founded in 2011 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-12 idaciti

New York, New York, United States

idaciti is an innovator in data structuring and collection technology that applies a “taxonomy-first” approach to structuring information from company disclosures, regulatory filings, and proprietary document repositories. It has combined this expertise with machine learning-assisted technology to capture and standardize data at an exceptional level of granularity, quality, and speed. The platform uses a modern collection workflow for both structured and unstructured content to connect data discovery, normalization, and quality assurance in a single, iterative process. idaciti was formed in 2015 and is based in New York, New York.

Buy -

Seller(S) 1

SELLER

S&P Global

New York, New York, United States

website


Category Company
Founded 1860
Sector Information Services
Employees23,000
Revenue 11.2B USD (2022)
DESCRIPTION

S&P Global is a financial intelligence company providing the global capital and commodity markets with independent benchmarks, credit ratings, portfolio and enterprise risk solutions, and analytics. McGraw Hill's iconic brands include Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, CRISIL, J.D. Power and McGraw Hill Construction. S&P Global was founded in 1860 and is based in New York, New York.


DEAL STATS #
Overall 11 of 12
Sector (Information Services) 2 of 3
Type (Divestiture) 10 of 11
State (New York) 6 of 6
Country (United States) 10 of 11
Year (2021) 1 of 1
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 IHS Markit

London, United Kingdom

IHS Markit Ltd. is a financial information services company. IHS Markit provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. IHS Markit was founded in 1959 and is based in London, England.

Buy $44.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-29 Private Market Connect

Bala Cynwyd, Pennsylvania, United States

Private Market Connect is a data solutions provider in private markets databases in the industry, currently tracking over 15,000 unique funds and $1.2 trillion in private markets commitments managed by more than 2,500 GPs. Private Market Connect is based in Bala Cynwyd, Pennsylvania.

Buy -