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Morningstar to Acquire Leveraged Commentary & Data from S&P Global
Chicago-based Morningstar Inc. has reached an agreement to acquire Leveraged Commentary & Data (LCD), a market leader in news, research, data, insights, and indexes for the leveraged finance market, from S&P Global. The purchase price is up to $650 million in cash.
S&P Global was required to divest the LCD business as a condition of regulatory approval from the European Commission on its merger with IHS Markit. LCD will integrate with Morningstar’s PitchBook Platform, which delivers data, research, and technology covering the private and public capital markets.
“LCD’s in-depth coverage of the leveraged loan market combined with PitchBook’s institutional-grade coverage of the private and public equity markets will create an end-to-end data and research tool for enabling core workflows,” said John Gabbert, founder and CEO of PitchBook. “There’s nothing else out there with more comprehensive access to this data all in one place.”
- ◦Sale/Acquisition
- ◦Financing

