Parthenon Capital Partners, the New York-based private equity firm, will acquire a majority stake in Kroll Bond Rating Agency, the latter announced on Monday.
Founded in the wake of the global financial crisis, KBRA has issued more than 51,000 ratings representing almost $3 trillion in rated issuance since 2010. KBRA provides bond credit insights on a range of sectors, comprising corporate, financial, government and structured finance.
KBRA also provides a research to the financial sector through its KBRA Analytics platform, including corporate and financial sector credit information, and data and analytics.
Parthenon, with offices in Boston, San Francisco and Austin, specializes in growth companies in the service and technology sectors.
“When KBRA was founded, our mission was to provide the market with timely, valuable and transparent ratings and research,” according to a statement from Jim Nadler, KBRA CEO president and co-founder. “As we continue to expand both domestically and abroad, we are excited to partner with Parthenon and accelerate our future growth.”
