Houlihan Lokey Advises Fulcrum Financial Data

Transaction: Houlihan Lokey Advises Fulcrum Financial Data

Houlihan Lokey is pleased to announce that it has advised Fulcrum Financial Data (Fulcrum), a Leeds Equity Partners portfolio company, on the sale of Fulcrum to Fitch Group. The financial terms of the deal were not disclosed.

Fulcrum, a Leeds Equity Partners portfolio company headquartered in New York, is a leading provider of leveraged finance and distressed debt analysis, news, and data. Fulcrum includes some of the market's most influential brands, including Covenant Review, LevFin Insights, CapitalStructure, and PacerMonitor.

  • Covenant Review is the trusted source for the interpretation of corporate bond indentures and leveraged loan credit agreements
  • LevFin Insights provides comprehensive, real-time news, commentary, and data for leveraged loan and high-yield bond market players
  • CapitalStructure provides insightful first-to-market news and analysis of the sub-investment-grade universe, with a focus on special situations
  • PacerMonitor is a unified, modern, and full-featured platform for researching and tracking federal bankruptcy, district, and appellate court cases

Led by a team of accomplished financial information entrepreneurs recognized as subject matter experts in their respective areas, Fulcrum offers unique insights, commentary, and data that give subscribers an edge in playing the corporate bond, leveraged loan, and special situations markets. Fulcrum will become part of Fitch Group's Fitch Solutions division. Fitch Solutions is a leading provider of credit and macro intelligence and the primary distributor of Fitch Ratings content. Fulcrum CEO Steve Miller will continue to lead the business and report to Fitch Solutions President Ranjit Tinaikar.

Houlihan Lokey served as the exclusive financial advisor to Fulcrum Financial Data. This transaction adds to the extensive track record of our dedicated data & analytics practice and to recent successes in advising financial information and software providers, including the sale of Dynamo to Francisco Partners, the sale of Bureau van Dijk to Moody's, the acquisition of BISAM by FactSet, and the sale of Message Automation to Broadridge. All transactions mentioned were closed at Quayle Munro prior to its acquisition by Houlihan Lokey to establish the Data & Analytics Group.

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