M&A Deal Summary

Morningstar Acquires Hemscott

On December 17, 2007, Morningstar acquired information services company Hemscott from Ipreo Holdings for 52M USD

Acquisition Highlights
  • This is Morningstar’s 2nd transaction in the Information Services sector.
  • This is Morningstar’s 8th largest (disclosed) transaction.
  • This is Morningstar’s 3rd transaction in the United States.
  • This is Morningstar’s 1st transaction in Maryland.

M&A Deal Summary
Date 2007-12-17
Target Hemscott
Sector Information Services
Buyer(s) Morningstar
Sellers(s) Ipreo Holdings
Deal Type Divestiture
Deal Value 52M USD

Target

Hemscott

Bethesda, Maryland, United States
Hemscott is an equity database covering more than 19,500 companies in the United States, the United Kingdom, Canada, and parts of continental Europe.

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Buyer(S) 1

Buyer

Morningstar

Chicago, Illinois, United States
Category Company
Founded 1984
Sector Information Services
Employees12,224
Revenue 2.0B USD (2023)
DESCRIPTION
Morningstar's corporate headquarters in downtown Chicago, Illinois.
Morningstar's corporate headquarters in downtown Chicago, Illinois.

Morningstar is a provider of independent investment research in North America, Europe, Australia, and Asia. Morningstar offers products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar was formed in 1984 and is based in Chicago, Illinois.

DEAL STATS #
Overall 3 of 22
Sector (Information Services) 2 of 9
Type (Divestiture) 2 of 5
State (Maryland) 1 of 1
Country (United States) 3 of 14
Year (2007) 2 of 2
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-22 Standard & Poor s - Mutual Fund Data Business

United States

Mutual Fund Data Business, a performance, rankings and holdings on more than 135,000 funds in over 30 countries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-04 10-K Wizard Technology

Dallas, Texas, United States

10-K Wizard is a provider of SEC EDGAR research services, real-time alerting technology, and application programming interface (API) solutions. Through its site at 10Kwizard.com, the company currently serves more than 30,000 professionals within 1,400 corporations primarily in the legal, financial, media, and corporate markets. The company`s flagship product, 10-K Wizard, offers the flexibility to customize its popular basic service with powerful tools for collaborative research, international, financial and regulatory data as needed to support specialized research requirements. 10-K Wizard`s basic offering provides unlimited sophisticated full-text searching, real-time alerting, and 10 unique datasets. Comprehensive Company Profiles contain hyperlinks to related data such as executive compensation, beneficial owners, option grants, glossy annual reports, and related companies, as well as quotes, news and charts. 10-K Wizard is a leading provider of content to major financial information services companies.

Buy $13M

Seller(S) 1

SELLER

Ipreo Holdings

New York, New York, United States
Category Company
Founded 1985
Sector Information Technology
Employees600
DESCRIPTION

Ipreo Holdings LLC is a global provider of high quality data, market intelligence, and productivity solutions to investment banking and corporate clients. Ipreo was founded in 1985 and is based in New York, New York.

DEAL STATS #
Overall 1 of 3
Sector (Information Services) 1 of 3
Type (Divestiture) 1 of 2
State (Maryland) 1 of 1
Country (United States) 1 of 3
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-26 NSIGHT Enterprise Software

New York, New York, United States

NSight offers enterprise-level customer relationship management (CRM) software and services to financial firms.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-18 BuysideIQ

Naperville, Illinois, United States

BuysideIQ LLC is a provider of online investor targeting solutions.

Buy -
Mergr

Product

Company

Legal