Moody’s Corp. (NYSE: MCO) has acquired Amba Investment Services.
Singapore Amba provides investment research and quantitative analytics for financial institutions, including investment banks and alternative investment firms. The company will operate as part of Moody’s Analytics majority-owned subsidiary, Copal Partners. Terms of the deal were not disclosed.
“Together, their scale, talent and resources offer global financial institutions a broader array of research and analytics,” says Mark Almeida, President of Moody’s Analytics. Moody’s bought a majority stake in Copal, a financial research company, in 2011.
Mayer Brown acted as Moody’s legal counsel for the deal. Amba’s legal counsel was Jones Day, and the company’s financial adviser was Avendus Capital.