MSCI Inc

MSCI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$893.00	Bvfcs	Fxwzljdygb

MSCI: We View the Burgiss Acquisition as Pricey but With a Lot of Strategic Merit

Rajiv Bhatia

Aug 14, 2023

MSCI announced today that it will acquire the remaining 66% of The Burgiss Group that it does not currently own for a cash consideration of $697 million. Given MSCI already had a stake in the firm, the decision to buy the firm outright is not a big surprise. The growth of private markets has been a big theme across the industry, and MSCI’s decision to acquire Burgiss is a bet that the need for private markets data and analytics will continue to grow. Overall, we will maintain our wide moat rating and fair value estimate of $440 on MSCI’s shares.

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