Credit pricing firm Mark-It Partners is to acquire LoanX, a US provider of syndicated loan data.
UK-based Mark-it says the integration of the two companies' products will provide market participants with pricing across multiple asset classes through one delivery platform, increasing credit market transparency and risk management.
Supported by over 100 international financial institutions, the combined company will collect, audit, map and distribute market valuations on corporate bonds, credit default swaps and syndicated bank loans on a daily basis.
Lance Uggla, Mark-it Partners CEO and founder, comments: "This acquisition will allow Mark-it to provide a broader, customised, more integrated service."
Financial details and precise integration plans have not been disclosed.