MSCI to Buy Investor Force for $23.5 Million

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On Wednesday, Barra and RiskMetrics owner MSCIannounced a definitive agreement to acquire performance reporting solutions provider Investor Force Holdings from ICGGroup for a purchase price of $23.5 million.

MSCI explained the purchase as being designed to "strengthen the network between asset owners, investment consultants and managers around the world," and said it "enhances MSCI's position as a leader in performance analysis and risk transparency."

MSCI says it intends to pay for the acquisition with cash on hand, and that the deal should close in the first quarter of 2013. Upon closing of the transaction, ICG will record a gain of approximately $15.4 million on the sale of its Investor Force stake.


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The article MSCI to Buy Investor Force for $23.5 Million originally appeared on Fool.com.

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