Thursday, December 19, 2019, Mumbai - CRISIL, an S&P Global Company, has entered into a definitive agreement to acquire Greenwich Associates LLC (‘Greenwich’), a leading provider of proprietary benchmarking data, analytics and qualitative, actionable insights that helps financial services firms worldwide measure and improve business performance. Greenwich, a Stamford, Connecticut-based company, serves over 300 of the top investment banks, corporate banks, commercial banks, asset managers and key players in the market infrastructure space globally.
The acquisition will complement CRISIL’s existing portfolio of products and expand offerings to new segments across financial services including commercial banks and asset and wealth managers. The deal will accelerate CRISIL’s strategy to be the leading player in the growing market of global benchmarking analytics.
Greenwich’s deep expertise in ‘Voice of Customer’ surveys, proprietary data assets, and capabilities to source and aggregate high value private performance data will provide a new layer of insights to CRISIL’s existing offerings under its Coalition division. Greenwich’s portfolio of products includes MarketView, Fee Clearinghouse, ACCESSTM, Focus and Explorer.
Ashu Suyash, Managing Director & CEO, CRISIL, said, “With this acquisition, CRISIL will strengthen its position as the foremost global benchmarking analytics provider for financial services, where Coalition, is a distinguished provider to corporate and investment banks worldwide. We are very excited about bringing the two trusted brands together, and Greenwich’s rich data sets will augment Coalition’s proprietary data, enabling unique analytics and insights.”
Steven Busby, CEO, Greenwich, said, “For nearly five decades, Greenwich has pioneered voice of the customer benchmarks and analytics across the global financial services industry. We are delighted to become a part of CRISIL. Our combined data and analytics will provide clients with high value actionable insights they demand in today’s competitive business environment. We are delighted that, as a part of the CRISIL group, we will collectively unleash greater growth opportunities for our clients and our people.”
The acquisition is subject to regulatory approvals and other customary closing conditions. The deal is anticipated to close in the first quarter of 2020. Greenwich’s partners and their team of approximately 150 people globally will join CRISIL following the completion of the transaction.
Marlin & Associates acted as the exclusive strategic and financial advisor to Greenwich Associates.
About CRISIL Limited
CRISIL is a leading, agile and innovative global analytics company driven by its mission of making markets function better. It is India’s foremost provider of ratings, data, research, analytics, and solutions with a strong track record of growth, culture of innovation, and global footprint. It has delivered independent opinions, actionable insights and efficient solutions to over 100,000 customers through businesses that operate from India, the U.S., the UK, Argentina, Poland, China, Hong Kong, and Singapore. It is majority owned by S&P Global Inc, a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide.
About Greenwich Associates
Greenwich Associates is the leading provider of global market intelligence and advisory services to the financial services industry. We specialize in providing fact based insights and practical recommendations to improve business results. Our data focuses on the key metrics required for effective business management: operations performance, service quality, sales effectiveness, share of wallet, market share, brand, and behavioral trends. We are based in Stamford, CT with additional offices in Pleasanton, CA, London, Singapore, Tokyo, and Toronto. Please contact us for further information or to arrange an interview with one of our consultants.