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Featured Mergers and Acquisitions

MSCI to buy Real Capital Analytics for $950M

MSCI Inc., a provider of critical decision support tools and services for the global investment community, has entered into an agreement to acquire Real Capital Analytics (RCA) for $950 million in cash.

Founded in 2000, Real Capital Analytics is a private company and the go-to data and analytics provider of the properties, transactions and participants that drive the commercial real estate capital markets globally.

The company has built a sterling reputation within the commercial real estate industry for effectively aggregating timely and reliable transaction data and providing valuable intelligence on market pricing, capital flows and investment trends in more than 170 countries.

This acquisition will expand MSCI’s suite of real estate solutions, providing the real estate industry with data, analytics and support tools to manage investments and understand performance and risk, including climate risk, within their portfolios.

MSCI will leverage Real Capital Analytics’ database of more than $20 trillion of commercial property transactions linked to over 200,000 investor and lender profiles, enhancing MSCI’s commercial real estate capabilities.

Henry Fernandez, Chairman and Chief Executive Officer, MSCI, said: “The commercial real estate sector is seeing substantial transformation driven by several factors, including shifting consumer behaviors in work, lifestyle and travel accelerated by the pandemic, realignment in global supply chains, and the impact of climate change.

“The combined strength of MSCI’s existing data, analytics and tools, and the addition of Real Capital Analytics’ wealth of commercial real estate data and analytics, creates an unparalleled level of solutions for the real estate market.”

ROBERT WHITE

Robert M White, Jr., Founder and President of Real Capital Analytics, commented: “MSCI is a natural home for Real Capital Analytics since our primary goal has always been to bridge the information gap between commercial real estate and other asset classes across the financial markets.

“The combination of the two firms creates a powerful team that will lead innovation and analytics in the real estate asset class well into the future.”

The acquisition builds on MSCI’s partnership with Burgiss, a provider of data, analytics and technology solutions for investors of private capital.

The transaction is expected to be funded with existing cash on hand and close at the end of the third quarter, or early in the fourth quarter, of 2021.

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