MSCI Enters Definitive Agreement To Acquire Remaining 66% Of The Burgiss Group, LLC For $697M Cash
Portfolio Pulse from Benzinga Newsdesk
MSCI has entered into a definitive agreement to acquire the remaining 66% of The Burgiss Group, LLC for $697M in cash. The transaction, which is expected to close in Q4 2023, will bring MSCI's total investment in Burgiss to $913M. Burgiss is expected to generate over $90M in revenue in 2023 with mid-teen EBITDA and operating income margins.
August 14, 2023 | 10:51 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
MSCI's acquisition of the remaining 66% of Burgiss could potentially enhance its portfolio with additional data, analytics, and technology solutions. The deal is expected to close in Q4 2023.
The acquisition of Burgiss, a provider of data, analytics, and technology solutions, could potentially enhance MSCI's offerings and revenue. The deal is expected to close in Q4 2023, and Burgiss is expected to generate over $90M in revenue in 2023. This could have a positive impact on MSCI's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100