Tuesday, 24 May 2016
Last updated 2 hours ago
May 26 2009 | 11:52am ET
Standard & Poor’s has sold its Vista Research subsidiary to hedge fund research firm Guidepoint Global.
The acquisition of Vista, an expert network, allows New York-based Guidepoint to expand its team of client service professionals and recruiters focused on private equity and hedge fund firms, as well as mutual funds, strategy consultancies and multinational companies.
“In the current economic climate, investors and business decision makers are increasingly seeking on-demand knowledge and insights through expert networks,” said Albert Sebag, CEO of Guidepoint Global. “Guidepoint's acquisition of Vista, a pioneer in the expert network field, gives our clients access to one of the most comprehensive primary research networks in the world, delivered with the single-minded focus on customized service that they have come to expect.”
“The divestiture of Vista Research advances our business portfolio management strategy of directing resources to businesses where we have the best opportunities for achieving significant financial growth, higher margins and market leadership,” said Harold McGraw III, CEO of S&P parent McGraw-Hill Cos. McGraw-Hill said selling Vista would result in a pre-tax loss of $13.8 million in the second quarter.