MSCI $697 million acquisition of Burgiss Group
We are advising MSCI on the acquisition
Davis Polk is advising MSCI Inc. on its acquisition of the remaining 66% of the Burgiss Group, LLC not already owned by MSCI for $697 million in cash. Since its initial investment in January 2020, MSCI will have invested an aggregate of $913 million to acquire all of Burgiss. The transaction is expected to close in the fourth quarter of 2023, subject to regulatory approvals and customary closing conditions.
MSCI supplies critical decision support tools and services to the global investment community. With over 50 years of expertise in research, data and technology, MSCI enables clients to make better investment decisions by helping them understand and analyze key drivers of risk and return and confidently build more effective portfolios.
Burgiss is a Hoboken, New Jersey, based provider of research-quality performance and private asset data, analytics, software applications and technology solutions for investors. The Burgiss dataset covers over 13,000 private asset funds around the world, representing $15 trillion in cumulative investments across private equity, private real estate, private debt, infrastructure and natural resources in 195 countries.
The Davis Polk corporate team includes partner William J. Chudd and associate Joshua B. Pittell. Partner Michael Mollerus and associates Liang Zhang and Michelle Zhao are providing tax advice. Partner Travis Triano is providing executive compensation advice. All members of the Davis Polk team are based in the New York office.