M&A Deal Summary

S&P Global Market Intelligence Acquires RateWatch

On June 20, 2018, S&P Global Market Intelligence acquired information services company RateWatch from TheStreet for 34M USD

Acquisition Highlights
  • This is S&P Global Market Intelligence’s 2nd transaction in the Information Services sector.
  • This is S&P Global Market Intelligence’s 2nd largest (disclosed) transaction.
  • This is S&P Global Market Intelligence’s 3rd transaction in the United States.
  • This is S&P Global Market Intelligence’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2018-06-20
Target RateWatch
Sector Information Services
Buyer(s) S&P Global Market Intelligence
Sellers(s) TheStreet
Deal Type Divestiture
Deal Value 34M USD

Target

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.

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Buyer(S) 1

Buyer

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 6 of 6
Sector: Information Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Wisconsin M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2018 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-07 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.

Sell -

Seller(S) 1

SELLER

TheStreet

New York, New York, United States

Category Company
Founded 1996
Sector Information Services
Employees651
Revenue 53M USD (2018)
DESCRIPTION

TheStreet, Inc. is a digital financial media company that distributes its content through online, social media, tablet and mobile channels. The Company's network of brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, Chat on TheStreet, and MainStreet. TheStreet, Inc. was formed in 1996 and is headquartered in New York City.


DEAL STATS #
Overall 1 of 2
Sector: Information Services M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
State: Wisconsin M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2018 M&A 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-07 BoardEx

London, United Kingdom

Management Diagnostics Limited is the developer of relationship capital management service BoardEx. BoardEx is a provider of relationship capital management services. Clients, including investment banks, consultancies and law firms use BoardEx to leverage their relationships and facilitate business and corporate development initiatives. The company was founded in 1999 and is based in London with additional offices in New York and Chennai, India.

Buy $21M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 The Deal

New York, New York, United States

The Deal LLC is a provider of unique and proprietary content that serves the news, information and idea generation needs of corporate and financial dealmakers, advisers, intermediaries and investors.

Sell $87M