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M&A Deal Summary

Fitch Group Acquires Algorithmics

On January 25, 2005, Fitch Group acquired software company Algorithmics for 175M USD

Acquisition Highlights
  • This is Fitch Group’s 1st transaction in the Software sector.
  • This is Fitch Group’s largest (disclosed) transaction.
  • This is Fitch Group’s 1st transaction in Canada.
  • This is Fitch Group’s 1st transaction in Ontario.
Investment Fate
  • Algorithmics was divested to a consortium of strategic buyers in 2011 for 387M USD.

M&A Deal Summary
Date 2005-01-25
Target Algorithmics
Sector Software
Buyer(s) Fitch Group
Deal Type Add-on Acquisition
Deal Value 175M USD

Target

Algorithmics

Toronto, Ontario, Canada
Algorithmics, Inc. is a risk analytics software firm.

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Buyer(S) 1

Buyer

Fitch Group

New York, New York, United States
Category Company
Sector Information Services
DESCRIPTION

Fitch Group is a provider of financial information services. Fitch Group is comprised of: Fitch Ratings, a global provider of credit ratings and research; Fitch Solutions, a provider of credit market data, analytical tools and risk services; Fitch Learning, a provider of learning and development solutions for the global financial services industry; and Business Monitor International, a provider of country risk and industry analysis specializing in emerging and frontier markets.

DEAL STATS #
Overall 1 of 6
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 6
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2005 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Algorithmics

Toronto, Ontario, Canada

Algorithmics, Inc. is a risk analytics software firm.

Sell $387M
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