Fitch Group Completes Acquisition of Bixby

Fitch Group, a prominent global leader in financial information services under Hearst ownership, has successfully finalized the acquisition of the remaining stock of Bixby Research and Analytics (“Bixby”), a distinguished provider of credit information on private syndicated loan issuers. This strategic move marks the integration of Bixby into Fitch Solutions, a wholly-owned subsidiary under the management of CreditSights.

Earlier this year, Fitch Ventures, Fitch Group's equity investment arm, spearheaded Bixby’s Series A funding round, solidifying the groundwork for the subsequent acquisition.

Brian Conroy, the visionary founder of Bixby, expressed his enthusiasm for the collaboration, stating, “Working with CreditSights over the past six months has expanded our reach in the loan market. We’re excited to build upon this success by fully integrating into the CreditSights leveraged finance platform.”

As part of the acquisition, Bixby will be seamlessly incorporated into CreditSights' leveraged finance product suite, enhancing its comprehensive offerings. The suite includes Covenant Review’s legal analysis, LevFin Insights’ news and data, and CreditSights’ fundamental research. This integration is expected to bring complementary insights from Bixby's credit data, reinforcing CreditSights’ position in the leveraged finance market and expanding special situations coverage.

Ted Niedermayer, President of Fitch Solutions, highlighted the strategic importance of the acquisition, stating, “The acquisition of Bixby is a natural next step as we continue to prioritize our leveraged finance offerings. Bixby’s data provides complementary insights to CreditSights, which bolsters our loan offering and also allows us to grow our special situations coverage.”

CreditSights clients will benefit significantly from this collaboration, gaining access to Bixby data and documents, Covenant Review legal research, and LevFin Insights proprietary company news and data. This consolidated platform will streamline access to critical information from new issues through bankruptcy.

About Fitch Solutions

Fitch Solutions stands as a leading provider of insights, data, and analytics, informing investment strategies, enhancing risk management capabilities, and identifying strategic opportunities. Operating as part of Fitch Group, a global leader in financial information services owned by Hearst, Fitch Solutions serves clients across more than 30 countries. For more information, visit fitchsolutions.com.

About CreditSights

CreditSights, in conjunction with Covenant Review and LevFin Insights, brings together best-in-class research, covenant analysis, and news on one unified platform. As a Fitch Solutions Company, CreditSights has been delivering insightful and impartial research for over two decades, empowering clients to make prudent investment decisions in global credit markets. For more information, visit CreditSights.

About Bixby Research and Analytics

Bixby Research and Analytics stands at the forefront as the leading provider of private credit information and data in the broadly syndicated loan market. Since its inception, Bixby has been delivering market-moving news and comprehensive financial data to drive trading velocity for clients and keep them ahead of the competition.

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