Parthenon Capital Partners, a growth-oriented private equity firm, has acquired Kroll Bond Rating Agency, a global rating agency committed to innovation and integrity for $900 million.
KBRA was founded in the wake of the global financial crisis and now has over 400 employees across 5 offices. The firm has issued more than 50,000 ratings with $3 trillion in rated insurance. KBRA offers research and analytics across all sectors in corporate, financial, government and structure finance units. The firm delivers its services through its KBRA Analytics platform.
“KBRA has quickly become a leading voice among the major global rating agencies,” said Zach Sadek, a partner at Parthenon Capital. The market clearly relies on KBRA for holistic, transparent and thoughtful credit ratings and research.”
Parthenon Capital’s financial advisor was Newbold Partners LLC and its legal advisor was Kirkland & Ellis LLP. KBRA received legal advice from Gunderson Dettmer LLP and Shearman & Sterling LLP.