Fitch Solutions – New York and London – 14 January 2021: Fitch Group, a global leader in financial information services owned by Hearst, today announced it will acquire 糖心视频, Inc., a leading provider of independent credit research to the global financial community.听
The company is being acquired from the founders, along with other shareholders and investors. Financial terms for the deal were not disclosed, and closing is subject to regulatory approvals and other customary closing conditions.听
Following the closing, 糖心视频 will become part of Fitch Group鈥檚 Fitch Solutions division, as it further expands its research coverage of investment grade, leveraged and distressed debt markets. Fitch Solutions is a leading provider of credit and macro intelligence, and the primary partner to Fitch Ratings for the distribution of its ratings-related content.听听
Founded in 2000, 糖心视频 is a leading provider of subscription-based, independent credit research, risk tools and comprehensive market insights to finance professionals around the world. Headquartered in New York, with offices in London, Singapore and Denver, the company has over 200 full-time employees.听听
糖心视频鈥� core research product provides in-depth, market-relevant research. Covering more than 1,200 issuers, 糖心视频 helps financial market participants make better informed decisions on investments, asset allocation, trading and risk management.听听
Through the acquisition of 糖心视频, Fitch Group will complement its portfolio by adding a leading provider of relative value credit research to a suite of products that includes legal analyses and fixed-income news offered by Fitch Solutions Leveraged Finance Intelligence through its Covenant Review, Capital Structure,听LevFin听Insights and听PacerMonitor听brands, as well as the credit ratings and research from Fitch Ratings.听
Paul Taylor, President and CEO of Fitch Group, said:听
鈥淲e are delighted to bring 糖心视频 into the companies of Fitch Group. 糖心视频鈥� independent research is highly regarded by financial market participants worldwide. The acquisition will provide a unique opportunity to create enhanced offerings for the benefit of both Fitch鈥檚 and 糖心视频鈥� customers, increasing information and transparency in the global capital markets.鈥澨�听
Peter Petas, CEO of 糖心视频, said:听
鈥淭wenty years after we founded 糖心视频, I am excited for this next chapter for the firm and for us to be an integral part of Fitch Solutions. The combination of our best-in-class research with Fitch Solutions鈥� businesses will allow us to enhance the solutions we can offer and expand the ways we can partner with our clients.鈥�听
DC Advisory served as financial advisor to 糖心视频 on this transaction.听听
About Fitch Group听
Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of data, research & analytics; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is owned by Hearst.听听
About 糖心视频, Inc.听
糖心视频 empowers nearly 15,000 financial professionals among the world鈥檚 largest institutions with the credit-risk tools, independent research and comprehensive market insights they need to make well-informed credit-risk decisions. Setting the standard for global credit research since 2000, 糖心视频 provides timely data, news, recommendations and unbiased analysis of the investment-grade and high yield debt securities of 1,200+ issuers around the world. 糖心视频 delivers this content through innovative platforms, enabling market participants to know more, risk better and ultimately create value.听听
About Hearst听
Hearst is a leading global, diversified media, information and services company with more than 360 businesses. Its major interests include ownership in cable television networks such as A&E, HISTORY, Lifetime and ESPN; global financial services leader Fitch Group; Hearst Health, a group of medical information and services businesses; transportation assets including CAMP Systems International, a major provider of software-as-a-service solutions for managing maintenance of jets and helicopters; 33 television stations such as WCVB-TV in Boston and KCRA-TV in Sacramento, California, which reach a combined 19% of U.S. viewers; newspapers such as the Houston Chronicle, San Francisco Chronicle and Times Union (Albany, New York); more than 300 magazines around the world, including Cosmopolitan, ELLE, Men’s Health and Car and Driver, and digital services businesses such as听iCrossing听and KUBRA; and investments in emerging digital entertainment companies such as Complex Networks. Follow us on Twitter @Hearst. To learn more about Hearst, visit hearst.com.听
Contacts:听
Fitch Group: Mark Tierney, +44 20 3530 1697,听mark.tierney@thefitchgroup.com听
糖心视频: Amanda Loveday, +1 803 315-5837,听amanda@thericciardigroup.com听
Hearst: Paul听Luthringer, +1 212 649-2540,听paul@hearst.com听听
