NEW YORK--(BUSINESS WIRE)--Fitch Group, a global leader in financial information services, today announced an agreement to acquire a majority stake in dv01, a data and analytics provider to the structured finance market.
dv01 will operate as a subsidiary of Fitch Solutions, a division of Fitch Group. Financial terms were not disclosed. The acquisition is expected to close by the end of Q3.
Founded in 2014, dv01 established itself as a technological innovator in structured finance by offering both loan-level data and fully integrated analytics on its cloud-based platform. Over the years, the company has provided value to clients by ensuring data integrity, streamlining the reporting workflow, and producing market research across various asset classes.
dv01 continues to see strong demand for its solutions, and benefits from successful client relationships with leading financial institutions. Clients leverage dv01’s loan-level data across the investment workflow—from market due diligence to securitization to performance analysis—and make use of offerings such as Loan Data Agent for Securitizations, Portfolio Surveillance, Market Surveillance, Tape Cracker, and Credit Facility Management.
The transaction is the latest in a series of acquisitions by Fitch Group as it expands its offerings. Previous acquisitions include Fulcrum Financial Data in 2018, CreditSights in 2021 and GeoQuant earlier this year.
Ted Niedermayer, President of Fitch Solutions, said: “We are very pleased to be acquiring dv01, a best-in-class data and analytics provider to the structured finance industry. The acquisition underscores Fitch Solutions’ commitment to empowering our clients with critical insights and intelligence to identify opportunities and manage risks.”
Perry Rahbar, CEO of dv01, said: “This acquisition marks a milestone for dv01 and signals a new era for the company. Fitch’s resources will strengthen our position as a leading data intelligence company in structured finance, allowing us to deepen our footprint in current asset classes, develop new products and ultimately expand into new markets.”
Jefferies LLC is serving as Financial Advisor to dv01 and Gunderson Dettmer, LLP is serving as legal counsel to dv01.
About Fitch Group
Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research, and Fitch Solutions, a leading provider of data, research and analytics. With dual headquarters in London and New York, Fitch Group is owned by Hearst.
About Fitch Solutions
Fitch Solutions provides data, research, information and analytics, and empowers its clients with critical insights and intelligence to identify opportunities and manage risk. Fitch Solutions delivers its content and data through innovative distribution platforms and channels. Key offerings include Fitch Ratings Data & Research, CreditSights, Country Risk & Industry Research, and Fundamental Data & Analytics. Fitch Learning, a pre-eminent training and professional development firm, is also part of Fitch Solutions. To learn more about Fitch Solutions, please visit www.fitchsolutions.com.
About dv01
dv01 is a leading capital markets fintech company driving technological innovation and loan-level transparency in structured finance. As the world’s first end-to-end data management, reporting, and analytics platform for loan-level lending data, dv01 is bringing unparalleled transparency and intelligence to every loan for every stakeholder.
With over 120 million loans, 900 securitizations, and $5 trillion in original balance across the consumer unsecured, mortgage, auto, student loans, point of sale, home efficiency, and small business asset classes, dv01 is building the most comprehensive loan data library across lending markets and empowering the capital markets with world-class tools to make safer data-driven decisions. Learn more at www.dv01.co.
