CRISIL Ltd. entered into a definitive agreement to acquire Greenwich Associates LLC, a benchmarking data and analytics firm.
The deal is anticipated to close in the first quarter of 2020.
Greenwich Associates' partners and its team of roughly 150 people will join CRISIL once the transaction is completed. The acquisition will expand CRISIL's existing portfolio of products and offerings to new segments, including commercial banks and asset and wealth managers.
Greenwich's portfolio of products includes MarketView, Fee Clearinghouse, ACCESS, Focus and Explorer.