Morningstar, Inc. · NASDAQ:MORN
Morningstar — Merger or Acquisition (April 2022)
11 slides from Morningstar's merger presentation, Apr 4, 2022
Slide 1: Morningstar Announces Agreement to Acquire Leveraged Commentary and Data (LCD) Business from S&P Global
Morningstar Announces Agreement to Acquire Leveraged Commentary and Data (“LCD”) Business from S&P Global April 4th, 2022 ©2022 Morningstar. All Rights Reserved.
Slide 2: Safe Harbor Statement
Safe Harbor Statement Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements include statements regarding our goals, plans, projections a
Slide 3: Empowering Investor Success
Empowering Investor Success Morningstar is acquiring leveraged loan data and research provider LCD ▪ Morningstar to acquire Leveraged Commentary and Data (“LCD”) business from S&P Global ▪ LCD is the industry standard for news, research, data, insights, and indexes for the leveraged finance market A
Slide 4: LCD's value proposition aligns with Morningstar mission and strategy
LCD’s value proposition aligns with Morningstar mission and strategy LCD provides data, analytics, research, and insights for an opaque leveraged loan market, aligning with our mission of empowering investor success by bringing transparency to the private credit market Focus on Private Markets Deliv
Slide 5: LCD complements PitchBook offerings in the private capital markets
LCD complements PitchBook offerings in the private capital markets LCD’s in-depth coverage of the leveraged loan market combined with PitchBook’s institutional-grade coverage of the private and public equity markets creates a centralized resource for the private capital and debt markets, enabling du
Slide 6: LCD expands fixed-income data and capabilities across Morningstar Indexes
LCD expands fixed-income data and capabilities across Morningstar Indexes LCD index data + Morningstar index data Adds S&P/LSTA Leverage Loan Creates ability to launch new Opportunity to deliver index – the flagship index in the investable products using core additional fixed-income market – along w
Slide 7: About LCD
About LCD MORNINGSTAR
Slide 8: LCD is the industry standard for news, research, data, insights, and indexes
LCD is the industry standard for news, research, data, insights, and indexes for the leveraged finance market Unique Offerings News Research Databases Indexes Real-time coverage of primary and Unique insights into topical trends Trusted source of data in the Premier benchmark for tracking secondary
Slide 9: LCD's differentiated offerings cover the entire lifecycle of loans
LCD’s differentiated offerings cover the entire lifecycle of loans and are reflective of its deep-rooted industry expertise and network Forward Calendar Launch Syndication Secondary Market Distress Bankruptcy Recovery Loan Lifecycle 9
Slide 10: Real-time insights and proprietary data makes LCD the trusted source
Real-time insights and proprietary data makes LCD the trusted source of leveraged loans news, data, and research ▪ Leading primary market coverage all the way ▪ Deep journalist network with over 20 journalists from market chatter to deep analysis and editors with seasoned connections to market parti
Slide 11: LCD indexes for U.S. and European leveraged loan markets are the industry benchmark
LCD indexes for the U.S. and European leveraged loan markets are the industry benchmark Leveraged Loan Index European ▪ Represents a large base of ~400 loans tracked by ▪ ~1,500 loans as tracked by leading portfolio leading portfolio managers managers Leverage Loan Index (ELLI) ▪ Long history going