S&P Global has announced an agreement to acquire Visible Alpha (the financial technology provider of industry and segment consensus data, sell-side analyst models, and analytics from exclusive sources). This acquisition will create a premium offering of fundamental investment research capabilities on S&P Global Market Intelligence’s Capital IQ Pro platform.
Combining Visible Alpha with S&P Capital IQ Pro (the flagship S&P Global platform for research and analysis across institutional and corporate markets) reflects S&P Global’s continued commitment to be the foremost provider in this space.
Launched in 2015, Visible Alpha is a financial technology firm that provides consensus estimates and analytics from in-depth sell-side analyst models, research reports, and corporate access events and distributes the data with a variety of distribution channels including a web-based platform, APIs and Feeds. And Visible Alpha enhances the investment research process by extracting meaningful value from key sell-side data and analytics, including full working models from partnerships with approximately two hundred of the world’s premier investment research organizations.
Visible Alpha is backed by a group of investment banks who will continue contributing data following the deal. And S&P Global is also exploring strategic opportunities for Fincentric, formerly known as Markit Digital.
The deal with Visible Alpha is subject to customary closing conditions, including receipt of certain regulatory approvals. And it is expected to close during 2024 and the financial terms of the transaction were not disclosed. The Company does not expect these proposed transactions to have a material financial impact to S&P Global Market Intelligence or the Company as a whole.
Skadden, Arps, Slate, Meagher & Flom LLP is acting as S&P Global’s legal advisor. And Jefferies LLC is acting as Visible Alpha’s exclusive financial advisor and Morgan, Lewis & Bockius LLP is acting as Visible Alpha’s legal advisor.
KEY QUOTES:
“We remain focused on providing our customers outsized value with the very best capabilities. Visible Alpha has built an incredible reputation with the market and is an ideal fit that will further strengthen the quality of our offering as a leading provider. We have followed Visible Alpha’s growth and have been impressed with its pace of innovation and the valuable insights it provides to its customers. We look forward to welcoming them into the S&P Global family and the Market Intelligence Division.”
“‘We are highly disciplined in reviewing our businesses and focusing our investment in our core areas of growth. The acquisition of Visible Alpha, combined with creating new opportunities for Fincentric in a strategic transaction, helps position us forward to execute against some of our largest and most strategic growth areas.”
“Fincentric is a pioneering business with a track record of delivering unique high-quality digital experiences and tools to some of the largest financial institutions in the market. I’ve had the pleasure of working directly with this team over the past decade and seeing first-hand their entrepreneurial approach and the incredible innovation they’ve delivered for our customers. We are excited to see the next phase of Fincentric’s growth and are committed to finding a path for Fincentric that will maximize its opportunity to thrive and capitalize on the many vectors of growth available to this business.”
- Adam Kansler, President of S&P Global Market Intelligence
“We are thrilled to be joining forces with S&P Global and have the opportunity to delight our combined customer base with the combination of Visible Alpha’s unique data and analytical solutions and innovative technology with Capital IQ Pro’s deep functionality and breadth of content. We are grateful to the banks that have been with us since the beginning and will continue to support Visible Alpha following the transaction.”
- Mark Hale, Chief Executive Officer of Visible Alpha
