Morningstar to acquire statistical ratings organisation Realpoint

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
 
ACQUISITION 
FDN Database Reference:  F231109-361
 
Morningstar, Inc. a leading provider of independent investment research, has entered into a definitive agreement to acquire Realpoint, LLC, a Statistical Ratings Organisation (NRSRO) that specializes in structured finance. Realpoint had revenue of approximately $12 million in 2009. Morningstar expects to complete the transaction in the next few months.

Once the acquisition is completed, Realpoint will become a business unit of Morningstar, reporting to Catherine Odelbo, Morningstar‘s president of equity research. Over time, the company will be rebranded under Morningstar. Dobilas will continue to run the business, and the company will retain its offices in Horsham, Pa.
 
Aprox. Value:  The purchase price is $52 million, subject to post-closing adjustments, and includes approximately $42 million in cash and $10 million in restricted stock.
 
Acquirer:  Morningstar

Location:  USA, Chicago, IL
Region:  North America
Description:  Provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 350,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 4 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. The company has operations in 20 countries and minority ownership positions in companies based in two other countries.
Category:  Finance, Publishing
Contact 1:  Joe Mansueto, chairman and chief executive officer
Contact 2:  Catherine Odelbo, Morningstar’s president of equity reseach
  
 
Vendor:  Realpoint, LLC
Vendor Web:  https://www.realpoint.com 
Location:  USA, Horsham, PA
Region:  North America
Description:  Realpoint offers securities ratings, research, surveillance services, and data to help institutional investors identify credit risk in commercial mortgage-backed securities. More than 225 institutional investment firms subscribe to Realpoint‘s ratings and analytics, including the majority of money managers who invest in commercial mortgage-backed securities.
Category: Ratings, Research, Finance
Contact:  Robert Dobilas, chief executive officer
 
Link: Press Release

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