MSCI to acquire the IPD Group

By Bridging Loan Directory -

 

MSCI Inc’s subsidiary, MSCI Limited, is to acquire IPD Group for a purchase price of approximately USD125m (GBP78m), funded through existing cash.

IPD is a provider of real estate investment performance benchmarking, performance analysis, market indices, risk management tools and market research to the owners, institutional investors, managers, lenders on, and occupiers of, real estate.

The acquisition is subject to customary closing conditions for transactions of this nature.

“The acquisition of IPD is part of our core strategy to provide investment decision support tools to institutional investors across all major asset classes. IPD’s real estate industry knowledge and strong capabilities complement MSCI’s expertise in providing investment tools for the equities, fixed income, hedge fund, energy and commodities markets,” says Henry Fernandez (pictured), chairman and chief executive, MSCI Inc. “This is an exciting addition to our business. We’ve seen significant demand from institutional investors globally for better coverage of private markets. The real estate investment market presents considerable opportunities for growth, and we look forward to helping to accelerate the institutionalisation and globalisation of real estate as an asset class.”

“We believe this transaction is key to the long-term success of IPD, and it has the wholehearted support of our shareholders and staff,” says Rupert Nabarro, chairman of IPD. “Our aim has always been to make IPD a truly global provider of real estate data and analytics, providing trusted benchmarks for the industry and developing real estate as a global asset class. MSCI’s acquisition of IPD will help us reach these goals, while maintaining our real estate expertise and the well established IPD brand.”

MSCI expects its global footprint, strong relationships with institutional investors, technological and operational expertise to enhance IPD’s existing products and services. The addition of IPD will enable MSCI to expand its multi-asset class offering by integrating private real estate assets into its models, and by adding real estate benchmarks to its family of indices.