M&A Deal Summary

CFRA Acquires S&P Global Market Intelligence - Equity and Fund Research Business

On September 7, 2016, CFRA acquired information services company S&P Global Market Intelligence - Equity and Fund Research Business from S&P Global Market Intelligence

Acquisition Highlights
  • This is CFRA’s 1st transaction in the Information Services sector.
  • This is CFRA’s 1st transaction in the United States.
  • This is CFRA’s 1st transaction in New York.

M&A Deal Summary

Date 2016-09-07
Target S&P Global Market Intelligence - Equity and Fund Research Business
Sector Information Services
Buyer(s) CFRA
Sellers(s) S&P Global Market Intelligence
Deal Type Divestiture

Target

S&P Global Market Intelligence - Equity and Fund Research Business

New York, New York, United States
S&P Global Market Intelligence - Equity and Fund Research Business is a provider of equity research.

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Buyer(S) 1

Buyer

CFRA

New York, New York, United States

Category Company
Founded 1994
Sector Business Services
DESCRIPTION

CFRA is provider of institutional-grade independent equity research. Through sophisticated forensic analysis and broad fundamental equity and fund research, CFRA empowers sophisticated investment professionals, advisors, and risk managers with actionable ideas and proven results. CFRA was founded in 1994 and is based in New York City.


DEAL STATS #
Overall 1 of 3
Sector (Information Services) 1 of 2
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-05 First Bridge Data

Fremont, California, United States

First Bridge Data LLC is a provider of institutional quality data & analytics on Exchange Traded Funds (ETFs) that saves time on research and generates insight. First Bridge Data LLC clients range from individual financial advisors to large hedge funds, who use First Bridge Data products to save time on ETF data aggregation, comparisons and client reporting.

Buy -

Seller(S) 1

SELLER

S&P Global Market Intelligence

New York, New York, United States

Category Company
Founded 1998
Sector Information Services
Employees7,000
Revenue 1.0B USD (2011)
DESCRIPTION
S&P Capital IQ's Indian headquarters in HITEC City Hyderabad.
S&P Capital IQ's Indian headquarters in HITEC City Hyderabad.

S&P Capital IQ is a provider of multi-asset class data, research and analytics to institutional investors, investment advisors and wealth managers around the world.


DEAL STATS #
Overall 4 of 4
Sector (Information Services) 2 of 2
Type (Divestiture) 4 of 4
State (New York) 3 of 3
Country (United States) 3 of 3
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 Credit Market Analysis

London, United Kingdom

Credit Market Analysis Ltd. is a provider of independent data for the over-the-counter (OTC) markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-20 RateWatch

Fort Atkinson, Wisconsin, United States

RateWatch is a data collection company gathering thousands of data points from nearly 100,000 financial institution locations across the United States every week. RateWatch data points are geographically packaged into reports and sold to financial institutions for competitive pricing analysis. RateWatch was founded in 1989 and is based in Fort Atkinson, Wisconsin.

Buy $34M