Financial information service provider, Fitch Group acquired of research and analytics Bixby Research and Analytics by purchasing all the remaining stock on Tuesday.
The acquired firm will be wholly owned subsidiary of Fitch Solutions and will be managed by CreditSights, said the firm. Additionally, Bixby will be incorporated into CreditSights’ leveraged finance product suite, which includes Covenant Review’s legal analysis, LevFin Insights’ news and data, and CreditSights’ fundamental research.
“The acquisition of Bixby is a natural next step as we continue to prioritize our leveraged finance offerings. Bixby’s data provides complementary insights to CreditSights, which bolsters our loan offering and also allows us to grow our special situations coverage,” said Ted Niedermayer, President of Fitch Solutions.
“Working with CreditSights over the past six months has expanded our reach in the loan market. We’re excited to build upon this success by fully integrating into the CreditSights leveraged finance platform,” said Brian Conroy, executive chief of Bixby.
Fitch part of Fitch Group operates in more than 30 countries, which is owned by Hearst. The firm specializes in insights, data and analytics. It provides investment strategies, strengthens risk management capabilities and helps identify strategic opportunities.
Bixby Research and Analytics specials in private credit information and data in the broadly syndicated loan market. Since inception, Bixby has been delivering market-moving news and comprehensive financial data to drive trading velocity for its clients and keep them ahead of the competition.
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