Moody’s Acquires RiskFirst

Moody’s Corporation (NYSE:MCO) announced that it has acquired RiskFirst, a leading FinTech company providing risk analytic solutions for the asset management and pension fund communities.

The acquisition positions Moody’s Analytics to extend its range of market-leading risk solutions to the institutional buy-side.

RiskFirst’s award-winning PFaroe® platform is a leading risk solution for U.S. and U.K. defined benefit pension markets, supporting over 3,000 plans and more than $1.4 trillion in assets. RiskFirst also offers innovative solutions for the institutional investment market, including endowments, foundations and asset managers.

The terms of the transaction were not disclosed. RiskFirst generated £16.5 million of revenue in 2018. The transaction was funded with offshore cash on hand.

Goldenhill acted as M&A adviser to Riskfirst with Chris Brooke leading the team. One of the main reasons they were chosen to advise RiskFirst was due to their specialisation in and in-depth knowledge of the Financial Technology space, together with established relationships with most of the potential buyers of RiskFirst.

Commenting on the contribution of Goldenhill to the process, Matthew Seymour, CEO of RiskFirst said, “We were pleased to work closely with Goldenhill during this process which has resulted in this successful sale of the company to Moody’s. We chose to work closely with Goldenhill in this process because of their relevant business and transaction experience in the Fintech sector and their relationships with the key players who are seeking to significantly enhance their capabilities in risk analytics and reporting solutions space.”

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