MSCI Acquires Remaining 66% Of Burgiss Group For $697M Cash
Portfolio Pulse from Akanksha Bakshi
MSCI Inc. has agreed to acquire the remaining 66% of The Burgiss Group for $697 million in cash, bringing its total investment in Burgiss to $913 million since January 2020. Burgiss is a provider of data, analytics, and technology solutions for investors in private assets. The transaction is expected to close in 4Q23 and will be funded through MSCI's existing liquidity sources. Burgiss is expected to generate over $90 million in revenue in FY23.
August 14, 2023 | 2:26 pm
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MSCI's acquisition of the remaining 66% of Burgiss Group could potentially enhance its strategic growth opportunities and generate substantial value for its shareholders. However, the news has led to a slight decrease in MSCI's share price.
The acquisition of Burgiss Group, a provider of data, analytics, and technology solutions, aligns with MSCI's strategic growth plans. However, the immediate market reaction to the news was a slight decrease in MSCI's share price, indicating some investor uncertainty about the deal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100