Fitch Group, a global leader in financial information services owned by Hearst, announced that it has completed the acquisition of all the remaining stock it does not own of Bixby Research and Analytics (Bixby), a leading provider of credit information on private syndicated loan issuers. Earlier this year Fitch Ventures, the equity investment arm of Fitch Group, led Bixby’s Series A round.
Bixby, founded by Brian Conroy, will become a wholly-owned subsidiary of Fitch Solutions and will be managed by CreditSights. Bixby will be incorporated into CreditSights’ leveraged finance product suite, which includes Covenant Review’s legal analysis, LevFin Insights’ news and data, and CreditSights’ fundamental research.
Ted Niedermayer, President of Fitch Solutions, said: “The acquisition of Bixby is a natural next step as we continue to prioritize our leveraged finance offerings. Bixby’s data provides complementary insights to CreditSights, which bolsters our loan offering and also allows us to grow our special situations coverage.”
Brian Conroy, CEO and Founder of Bixby Research and Analytics, said: “Working with CreditSights over the past six months has expanded our reach in the loan market. We’re excited to build upon this success by fully integrating into the CreditSights leveraged finance platform.”
CreditSights clients will be able to access Bixby data and documents, Covenant Review legal research, and LevFin Insights proprietary company news and data, from new issue through bankruptcy, on one platform, as per the statement.
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