S&P Global-owned analytics company Crisil has bought market infrastructure research and strategy firm Greenwich Associates, the terms of the deal were not disclosed.
Crisil says the acquisition will complement its existing portfolio of products and expand offerings to new segments across financial services including commercial banks and asset and wealth managers. It adds it will accelerate the firm’s ambition to be the leading player in the growing market of global benchmarking analytics, noting that Greenwich’s expertise in ‘Voice of Customer’ surveys, proprietary data assets, and capabilities to source and aggregate high value private performance data will provide a new layer of insights to Crisil’s existing offerings under its Coalition division.
“With this acquisition, Crisil will strengthen its position as the foremost global benchmarking analytics provider for financial services, where Coalition is a distinguished provider to corporate and investment banks worldwide,” says Ashu Suyash, managing director and CEO, Crisil. “We are very excited about bringing the two trusted brands together, and Greenwich’s rich data sets will augment Coalition’s proprietary data, enabling unique analytics and insights.”
Steven Busby, CEO, Greenwich, adds, “For nearly five decades, Greenwich has pioneered voice of the customer benchmarks and analytics across the global financial services industry. We are delighted to become a part of Crisil. Our combined data and analytics will provide clients with high value actionable insights they demand in today’s competitive business environment. We are delighted that, as a part of the Crisil group, we will collectively unleash greater growth opportunities for our clients and our people.”
The acquisition is subject to regulatory approvals and other customary closing conditions and is anticipated to close in the first quarter of 2020. Greenwich’s partners and their team of approximately 150 people globally will join Crisil following the completion of the transaction, the firm says.