Published - August 14th, 2023 @ 5:00 PM (GMT+2)
MSCI's Strategic Move:
MSCI Inc.(NYSE:MSCI), a leading provider of decision support tools, has announced its intention to acquire the remaining 66% stake in Burgiss Group, LLC, a prominent market data provider. The all-cash transaction is valued at $697 million, bringing MSCI's total investment in Burgiss to $913 million since its initial investment in 2020.
Burgiss's Impact on the Private Asset Industry:
Burgiss's dataset is extensive, covering over 13,000 private asset funds globally. These funds represent a cumulative investment of $15 trillion across various sectors, including private equity, private real estate, private debt, infrastructure, and natural resources in 195 countries. This acquisition complements MSCI's existing position in private real estate, where it already offers data and analytics for over one million properties, representing more than $45 trillion in transactions and portfolio assets in over 170 countries.
Enhancing MSCI's Multi-Asset Class Technology Solutions:
The acquisition will also expand MSCI's suite of multi-asset class technology solutions with the industry-leading Burgiss Caissa Platform. Developed exclusively for institutional investors, this platform provides a comprehensive view of performance and risk drivers in both public and private investments in total portfolios. MSCI expects this addition to help investors compare performance and risk across both private and public asset classes, facilitating efficient asset allocations.
Burgiss's Global Reach Burgiss serves nearly 1,000 clients, including limited partners, general partners, and financial intermediaries in 40 countries. Its extensive reach and innovative solutions have made it a valuable asset in the financial industry.
A Strategic Acquisition:
The acquisition of Burgiss by MSCI is a strategic move that strengthens MSCI's footprint in the private asset data analytics segment. It aligns with the company's mission to provide mission-critical decision support tools and enhances its offerings in both public and private investments. The deal is expected to close in the fourth quarter of 2023.
On Friday, shares of MSCI closed at $548.99, up 0.39% on the New York Stock Exchange.
The information on mexem.com is for general informational purposes only. It should not be regarded as investment advice. Investing in stocks involves risk. A stock's past performance is not a reliable indicator of its future performance. Always consult a financial advisor or trusted sources before making any investment decisions.
