M&A Deal Summary

Morningstar Acquires Leveraged Commentary & Data

On April 4, 2022, Morningstar acquired information services company Leveraged Commentary & Data for 650M USD

Acquisition Highlights
  • This is Morningstar’s 9th transaction in the Information Services sector.
  • This is Morningstar’s 2nd largest (disclosed) transaction.
  • This is Morningstar’s 14th transaction in the United States.
  • This is Morningstar’s 1st transaction in New York.

M&A Deal Summary

Date 2022-04-04
Target Leveraged Commentary & Data
Sector Information Services
Buyer(s) Morningstar
Deal Type Add-on Acquisition
Deal Value 650M USD

Target

Leveraged Commentary & Data

New York, New York, United States
Leveraged Commentary & Data is a provider of leveraged loan news, analytics, and index products, also focusing on the high yield and investment grade bond markets. Leveraged Commentary & Data was founded in 1996 and is based in New York.

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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 22 of 22
Sector (Information Services) 9 of 9
Type (Add-on Acquisition) 16 of 16
State (New York) 1 of 1
Country (United States) 14 of 14
Year (2022) 1 of 1
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Praemium - U.K. & International Business

United Kingdom

The Praemium U.K. and international business offer digital-first financial services. The platform offers advisers advanced portfolio management and rebalancing capabilities, market-leading reporting and MI, paperless and signatureless processes, and unique AI-driven adviser insights which highlight unusual client behavior.

Buy £35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-23 Morningstar Commodity Data

Chicago, Illinois, United States

Morningstar Commodity Data is a provider of commodities and energy data and insights. Morningstar Commodity Data was founded in 1984 and is based in Chicago, Illinois.

Sell -