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MSCI to Buy Investor Force for $23.5 Million

On Wednesday, Barra and RiskMetrics owner MSCI (NYSE: MSCI  ) announced a definitive agreement to acquire performance reporting solutions provider Investor Force Holdings from ICG Group (NASDAQ: ACTA  ) for a purchase price of $23.5 million.

MSCI explained the purchase as being designed to "strengthen the network between asset owners, investment consultants and managers around the world," and said it "enhances MSCI's position as a leader in performance analysis and risk transparency."

MSCI says it intends to pay for the acquisition with cash on hand, and that the deal should close in the first quarter of 2013. Upon closing of the transaction, ICG will record a gain of approximately $15.4 million on the sale of its Investor Force stake.

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DocumentId: 2211036, ~/Articles/ArticleHandler.aspx, 9/28/2016 9:53:43 PM

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9/28/2016 4:02 PM
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