Rating company Crisil to acquire UK-based analytics firm Coalition for Rs 250 crore

MUMBAI: Rating company Crisil will acquire Coalition, UK-based Analytics Firm Acquisition for Rs 250 crore. The transaction is subject to regulatory approvals. "The all-cash transaction has a maximum payout of 29 million pounds or Rs 250 crore with earn outs over 2 years, linked to achievement of specified milestones for the company's future revenues and profits," said the company in a statement.

The acquisition will add to the earnings per share of Crisil from the first year to acquire Coalition, UK-based Analytics Firm Acquisition will expand Crisil's service offerings and customer base. Coalition provides analytics, mainly to leading global investment banks.

Coalition reported 2011 revenues of 8 million pounds. Coalition will be part of CRISIL's Global Research and Analytics (GR&A) business. Roopa Kudva, Managing Director and CEO of CRISIL, said "Coalition's cutting-edge analytical capabilities, in-depth understanding of the workings of financial markets and strong relationships with its clients will enable CRISIL Global Research & Analytics to widen service offerings, diversify its client base and deepen client relationships." MAPE Advisory Group was the adviser for the transaction.