Fitch Group will acquire independent credit research provider CreditSights from the founders, a Fitch spokesman confirmed in an email. Terms of the deal were not disclosed.
Once the deal closes, CreditSights will become part of Fitch Group's Fitch Solutions division, which provides credit news and analysis and is the primary distributor of content from Fitch Ratings.
Founded in 2000, CreditSights has more than 200 full-time employees and is based in New York with offices in London, Singapore and Denver.
Fitch Group President and CEO Paul Taylor said in a news release that the "acquisition will provide a unique opportunity to create enhanced offerings for the benefit of both Fitch's and CreditSights' customers, increasing information and transparency in the global capital markets."
DC Advisory served as financial adviser to CreditSights on the deal.
