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S&P to pick up Robeco’s division
Posted on Friday, 22 November 2019 10:40
S&P Global is acquiring Switzerland-based RobecoSAM’s environmental, social and corporate governance (ESG) business for an undisclosed sum.
Pending the usual customary conditions, the deal is expected to complete in the first quarter of 2020.
Robeco’s division comprises two units, one which administers the vendor’s SAM corporate sustainability assessment (CSA) and the other provides in-depth reports for businesses based on their performance compared to their peers.
Established in 1999, CSA evaluates companies’ sustainability practices annually and assesses over 4,700 entities worldwide.
The programme allows firms to learn about which factors are important to an investor, as well as their own financial performance.
Douglas Peterson, chief executive of S&P, said: “Today's announcement is an exciting next step in the evolution of our partnership that will allow S&P Global to create market differentiating ESG products and deliver new content and capabilities to our customers.”
As a result of the acquisition, the purchaser will gain access to the CSA and expand its coverage.
Furthermore, the deal strengthens S&P’s position as the leading resource for ESG products and services.
The transaction is also in line with the company’s strategy of focusing on the interpretation and application of ESG data, as well as sustainable investment research for its core activities.
Headquartered in New York, S&P provides financial information, credit ratings and data and analytics for companies, governments and individuals worldwide.
Its divisions include S&P Global Ratings, S&P Global Market Intelligence and S&P Dow Jones and it has around 21,000 employees in 35 countries.
For the nine months ended 30th September 2019, the group posted revenue of USD 4.96 billion, up 5.0 per cent from USD 4.72 billion in the corresponding period of 2018.
Zephyr, the M&A database published by Bureau van Dijk, shows there have been 91 deals targeting credit bureau operators announced globally since the beginning of 2019.
Morningstar agreed to buy Cayman Islands-based Ratings Acquisition for USD 669.00 million in the biggest of these so far in the year to date.
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