14 Oct 2016 Morningstar to acquire PitchBook Data

As of October 14, 2016 Morningstar announced it has achieved an agreement to acquire PitchBook Data, Inc. PitchBook, founded in 2007, delivers data, research, and technology covering the breadth of the private capital markets, including venture capital, private equity, and mergers and acquisitions (M&A). PitchBook will maintain its brand and identity and will continue to be led by founder and chief executive officer John Gabbert.

Morningstar was an early investor in PitchBook and currently owns approximately 20 percent of the company. The company expects to pay approximately $180 million (subject to working capital adjustments) for the remaining ownership interest in a transaction that values PitchBook at $225.0 million.

For further information, see the following links:

https://pitchbook.com/media/press-releases/morningstar-to-acquire-pitchbook-data