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Fitch Group to acquire leveraged finance data provider Fulcrum Financial

Fitch Group Inc. has agreed to acquire Fulcrum Financial Data, LLC from Leeds Equity Partners, LLC.

Financial terms of the deal were not disclosed, and closing is subject to regulatory approval.

Fulcrum Financial, a provider of leveraged finance and distressed debt analysis, news and data, will become part of the group's Fitch Solutions Inc. division. CEO Steve Miller will continue to lead Fulcrum Financial.

DCS Advisory served as adviser to Fitch Group on this transaction.

Fitch Group is a unit of Hearst Corp.