MSCI Inc. completed the acquisition of Investor Force Holdings, Inc. from ICG Group, Inc. and others.
January 28, 2013 at 11:00 pm
Share
MSCI Inc. (NYSE:MSCI) entered into a definitive agreement to acquire Investor Force Holdings, Inc. from ICG Group, Inc. (NasdaqGS:ICGE) and others for $23.5 million in cash on January 23, 2013. The consideration is subject to a final working capital adjustment. ICG's share of the cash proceeds related to the sale of Investor Force is expected to be approximately $20.7 million, approximately $2.1 million of which will be subject to a customary indemnification holdback. The transaction will be funded through existing cash and is not expected to have a material impact on MSCI's results of operations. The transaction is expected to close in the first quarter of 2013, subject to customary closing conditions. William J. Chudd, Boyoon Choi, M. McLoughlin, Andrew Blau, Gregory T. Hannibal, Frank J. Azzopardi, Pritesh P. Shah, and Hayden S. Baker of Davis Polk & Wardell LLP acted as legal advisors to MSCI. Sally Todd and Christian Pickel of MHP Communications acted as public relation advisor in the transaction. Credit Suisse (USA), Inc. acted as financial advisor to Investor Force Holdings.
MSCI Inc. (NYSE:MSCI) completed the acquisition of Investor Force Holdings, Inc. from ICG Group, Inc. (NasdaqGS:ICGE) and others on January 29, 2013.
MSCI, Inc. specializes in publishing information and support tools dedicated to institutional investors. Net sales break down by activity as follows:
- dissemination of stock market indices (57.4%): used in particular for the creation of indexed products, comparative performance analysis, rebalancing and asset allocation;
- development of market analysis solutions and tools (24.4%): development of content, applications and services for risk management, performance attribution and portfolio management;
- development of tools for the analysis of environmental, social and governance criteria (11.4%);
- other (6.8%).
Net sales are distributed geographically as follows: the United States (41.3%), Americas (4.4%), the United Kingdom (16.1%), Europe/Middle East/Africa (22.5%), Japan (4%) and other (11.7%).
MSCI, INC. 
