Fitch Group, a global leader in financial information services, has entered into a definitive agreement to acquire Trepp, a premier provider of data, insights, and technology solutions to the structured finance, commercial real estate, and banking sectors. Trepp was founded in 1979 and serves primary and secondary market participants with products and services supporting trading, research, risk management, surveillance, and portfolio management. The acquisition will see Trepp become a wholly-owned subsidiary of Fitch Solutions, Fitch Group’s leading provider of insights, data, and analytics. Rothermere Continuation Holdings Limited, the parent company of DMGT, has agreed to sell Trepp as part of the transaction.
Trepp operates from offices in New York, Dallas, and London and serves clients across structured finance, commercial real estate, and banking with solutions designed to increase operational efficiency, information transparency, and investment performance. Its subsidiary, Commercial Real Estate Direct, is a daily news source covering the commercial real estate capital markets and adds a media and content dimension to the business that complements Trepp’s data and analytics core. Together, Trepp’s institutional credit offerings and its expansion into commercial real estate finance make it a strategically significant acquisition for Fitch Solutions as the firm works to advance the next generation of structured finance infrastructure.
Fitch Group describes the acquisition of Trepp as a cornerstone of its growth strategy, positioning the deal as a technology inflection point for the firm and an opportunity to build the next generation of structured finance infrastructure for clients. Fitch Solutions aims to complement its existing institutional credit offerings with Trepp’s broader coverage and deeper proprietary data, creating a more comprehensive solution for clients navigating structured finance, CRE, and banking markets. Fitch Group is owned by Hearst and employs staff in 30 countries, with dual headquarters in London and New York.
The transaction is expected to close during the second quarter of 2026. Centerview Partners and Goldman Sachs are acting as financial advisers, and Baker McKenzie is serving as exclusive legal adviser to RCHL in connection with the deal. Lord Rothermere, Executive Chairman of RCHL, expressed confidence that Fitch will be a strong long-term custodian for Trepp, describing the firm as having the pedigree and experience to drive the next stage of Trepp’s growth and giving both Trepp’s employees and customers reason to look forward to the future with confidence.
KEY QUOTES:
“The acquisition of Trepp is a cornerstone of our growth strategy as we continue to evolve for our clients. Technology is at an inflection point, and this acquisition signifies how we’re building for the future by advancing the next generation of structured finance infrastructure.”
Rachel Lojko, President, Fitch Solutions
“This acquisition is an important moment for Trepp as it validates our core value proposition in structured finance and our expansion into commercial real estate finance. Together with Fitch, we can complement our institutional credit offerings and enhance the solutions we provide to clients with broader coverage and deeper proprietary data.”
Annemarie DiCola, CEO, Trepp
