Morningstar Completes Realpoint Acquisition

Posted by Orb Staff on May 04, 2010 No Comments
Categories : Commercial Mortgage

Investment research firm Morningstar Inc. has completed its previously announced acquisition of Realpoint LLC, a nationally recognized statistical ratings organization that specializes in structured finance.

The purchase price consists of approximately $42 million in cash, subject to post-closing adjustments, and approximately 199,000 shares of restricted stock valued at approximately $10 million at the time the acquisition was announced on March 19. Realpoint had revenue of approximately $12 million in 2009.

Realpoint currently offers securities ratings, research, surveillance services and data to help institutional investors identify credit risk in commercial mortgage-backed securities. More than 225 institutional investment firms subscribe to Realpoint's ratings and analytics.

Realpoint will become a business unit within Morningstar's Equity and Credit Research business, eventually taking on the Morningstar brand name.

SOURCE: Morningstar Inc.

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