Fitch Group to acquire independent credit research provider CreditSights

Fitch Group Inc. is acquiring provider of independent credit research CreditSights Inc.

CreditSights offers subscription-based, independent credit research, risk tools and market insights to finance professionals. The firm is headquartered in New York, with offices in London, Singapore and Denver and has over 200 employees.

Following deal completion, CreditSights will become part of Fitch's solutions division.

The company is being acquired from the founders, along with other shareholders and investors. Financial terms for the deal were not disclosed.

DC Advisory was financial adviser to CreditSights on this transaction.