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Financial Info Site Hemscott Sold To Morningstar For $51.6 Million

By Rafat Ali - Wed 09 Jan 2008 11:48 AM PST

We missed this one during holidays in December: Investment research firm Morningstar has bought out UK-based financial information and news firm Hemscott, from Ipreo Holdings for $51.6 million in cash, subject to working capital adjustments. Hemscott has about 200 employees in New Delhi, India, 70 in London, and 10 in the U.S.

This is a quick exit for Ipreo: in late 2006, it was bought and merged with another firm i-Deal and changed the company name to Ipreo. The new company was owned by PE investor Veronis Suhler Stevenson...VSS had a stake in Hemscott since 2004. More info on the new deal in the release.

Posted in: Countries, Asia, India, UK & Europe, Information, Biz & Fin, VC+M&A