By MSCI Expands Investment Portfolio with 7 Million Acquisition
MSCI Inc. (MSCI), a leading provider of financial products and services, has recently announced its agreement to acquire the remaining 66% of The Burgiss Group LLC. This all-cash deal worth $697 million solidifies MSCI’s position in the alternative investments market.
Strengthening Expertise in Private Assets
Based in Hoboken, New Jersey, Burgiss specializes in alternative investments and will bring comprehensive data and deep expertise in private assets to MSCI’s portfolio. With this acquisition, investors will have access to a wealth of fundamental information, performance analysis, risk management tools, and robust analytics.
Investment Growth
This strategic move will represent a total investment of $913 million by MSCI, showcasing the company’s commitment to expand its offerings and enhance its competitive edge.
Projected Revenue and Closing Timeline
Burgiss is projected to generate over $90 million in revenue by 2023, with an expected mid-teens operating income margin. The acquisition is set to close in the fourth quarter, pending regulatory approval.
Impressive Stock Performance
MSCI’s stock has already gained 18% year-to-date, outperforming the S&P 500 (+16%). This successful growth trajectory reinforces MSCI’s dedication to delivering value for its shareholders while seizing new opportunities in the market.
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