Morningstar Inc. enters agreement to acquire DBRS for US$669M
July 02, 2019
669.00 Million USD
On July 2, 2019 Morningstar Inc. closed its acquisition of DBRS, the world's fourth largest credit ratings agency, for a purchase price of US$669 million.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia and Asia. The company offers services for individuals, investors, financial advisors, asset managers, and institutional investors in the private capital markets. Morningstar intends to fund the transaction with a mix of cash and debt, which will include the placement of a new credit facility at closing.
McCarthy Tétrault advised Morningstar Inc., as Canadian Counsel, with a team led by Robert Hansen that included Sean Sadler, Matthew Harris, Mathew Vaughan, Raj Juneja, Matthew Demeo, Kelleher Lynch, Jaspreet Kaur, Debbie Salzberger, Michael Caldecott and Julien Beaulieu.