CRISIL to acquire US-based data analytics company Greenwich Associates for $40 million

CRISIL is set to acquire the US-based Greenwich Associates and its six subsidiaries for about $40 million as it looks to become a leading player in the global benchmarking analytics market.

“… the Board of Directors of CRISIL Limited has approved acquisition of 100 per cent of the equity share capital of Greenwich Associates LLC and its subsidiaries at a consideration of $40 million, subject to closing adjustments. The acquisition will be done through CRISIL Ltd’s 100 per cent subsidiary, CRISIL Irevna US LLC,” CRISIL said in a regulatory filing.

Greenwich, a Stamford, Connecticut-based company, provides proprietary benchmarking data analytics and qualitative, actionable insights that help financial services firms measure and improve business performance.