- CRISIL is world’s largest provider of equity and fixed income research services.
- CRISIL is a subsidiary of Standard & Poor’s
- Coalition is a leading analytics and business intelligence provider to the global financial services industry
Coalition Development Ltd, a privately-held London head- quartered analytics company, announces today that it has reached an agreement to be acquired by CRISIL, a subsidiary of Standard & Poor’s and a leading provider of ratings, research and risk and policy advisory services.
Coalition provides high-end analytics to leading global investment banks and other financial services firms. On completion Coalition will be part of CRISIL’s Global Research & Analytics (GR&A) business. The transaction is subject to regulatory approvals.
Trevor Foster-Black, Chairman, and CEO of Coalition said today, “We are delighted to become part of CRISIL. CRISIL is a dynamic and rapidly-growing analytical company with tremendous credibility and a strong business profile. I see a very bright future for our business as a member of the CRISIL group.”
Roopa Kudva, Managing Director and CEO of CRISIL, said, “Coalition’s cutting-edge analytical capabilities and in-depth understanding of the workings of financial markets will enable CRISIL GR&A to boost its service offerings and diversify its client base. We look forward to building upon Coalition’s success and working closely with its talented team.”
Coalition was advised by Marlin & Associates.
Source: Coalition Development Press Release