MSCI acquires IPD group’s property expertise

Index provider MSCI is to buy IPD Group for about $125m to boost its ability to offer property asset class based solutions to clients.

IPD provides property performance, benchmarking, analysis, indices and risk management tools, which are used by institutional investors, fund managers, and lenders to the property sector.

MSCI said the existing expertise within IPD will enable it to develop its own multi-asset modelling and benchmarking services, including adding property benchmarks to its indices services.

IPD reported revenue of $26.4m in the six months to 30 June, MSCI said, although thedeal is not expected to impact on MSCI’s own fiscal 2012 year. The deal is expected to close in the fourth quarter of 2012.

Henry Fernandez, chairman and CEO of MSCI Inc. said: “The acquisition of IPD is part of our core strategy to provide investment decision support tools to institutional investors across all major asset classes. IPD’s real estate industry knowledge and strong capabilities complement MSCI’s expertise in providing investment tools for the equities, fixed income, hedge fund, energy and commodities markets.”

“This is an exciting addition to our business. We’ve seen significant demand from institutional investors globally for better coverage of private markets. The real estate investment market presents considerable opportunities for growth, and we look forward to helping to accelerate the institutionalization and globalization of real estate as an asset class.”

Rupert Nabarro, chairman of IPD, added: “We believe this transaction is key to the long-term success of IPD, and it has the wholehearted support of our shareholders and staff. Our aim has always been to make IPD a truly global provider of real estate data and analytics, providing trusted benchmarks for the industry and developing real estate as a global asset class. MSCI’s acquisition of IPD will help us reach these goals, while maintaining our real estate expertise and the well established IPD brand.”

 

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