New York-based private equity firm New Mountain Capital acquired a majority stake in SNL Financial, a Charlottesville, Virginia-based provider of sector-focused information services.
The investment, whose amount wasn’t disclosed, will support SNL in accelerating its growth plans, continuing product development initiatives, and providing liquidity to existing shareholders.
Founded in 1987 by Reid Nagle and led by President and CEO Mike Chinn, the company collects, standardizes and disseminates all relevant corporate, financial, market and M&A data — plus news and analysis – in business sectors such as banking, financial services, insurance, real estate, energy, and media & communications.
SNL has additional offices in the U.S. and around the globe.
FinSMEs
26/07/2011