Biznextindia : CRISIL, an S&P Global Company, has entered into a definitive agreement to acquire 100 percent stake in Peter Lee Associates Pty. Limited, an Australian research and consulting firm for cash consideration of AUD 6.15 million.
Peter Lee delivers benchmarking insights on market positioning, cross-sell, and intelligence on broader market trends through its research programs by engaging with senior business executives.
The acquisition will complement CRISIL’s existing portfolio of products and expand offerings to new geographies and segments across financial services including commercial banks and investment management. The deal will accelerate CRISIL’s strategy in the APAC region to be the foremost player in the growing market.
Amish Mehta, Managing Director & CEO, CRISIL, said, “Peter Lee is the pre-eminent brand for benchmarking analytics in Australia and New Zealand. The acquisition complements CRISIL’s existing portfolio and accelerates its strategy in the APAC region to be the foremost player in the growing market.”
“Over the last four decades, the Peter Lee Associates team has been a strategic partner to financial institutions in the region. We are excited to join CRISIL as this will help us adopt global best practices and expand our product suite on benchmarking insights” Cameron Peter and Sandhya Chand, Managing Directors of Peter Lee Associates said.
The acquisition is expected to be completed in three months, subject to extensions as necessary for completion of actions at 5 above