IFLR1000

Morningstar $669 million acquisition of DBRS

30/5/2019
Public acquisition
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$ 669 million

Announced

30/5/2019

Overview:

  • Financial services firm Morningstar has acquired credit ratings agency DBRS in a $669 million deal. 
  • DBRS had previously been owned by a consortium that included The Carlyle Group and Warburg Pincus. 
  • Lazard Frères & Co acted as financial adviser for DBRS. 
  • The transaction is expected to close in the third quarter of 2019. 

Kurt Stumpo - US Editor

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Financial services

Firms:
Wachtell Lipton Rosen & Katz

Party: DBRS (Target)

Lawyers: Edward Herlihy, Gregory Pessin, Mark Veblen

Winston & Strawn

Party: Morningstar (Acquirer)

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