Fitch Group acquires dv01

dv01 will operate as a subsidiary of Fitch Solutions, a division of Fitch Group. Financial terms were not disclosed. The acquisition is expected to close by the end of Q3.

Founded in 2014, dv01 established itself as a technological innovator in structured finance by offering both loan-level data and fully integrated analytics on its cloud-based platform. Over the years, the company has provided value to clients by ensuring data integrity, streamlining the reporting workflow, and producing market research across various asset classes.

dv01 continues to see strong demand for its solutions, and benefits from successful client relationships with leading financial institutions. Clients leverage dv01's loan-level data across the investment workflow—from market due diligence to securitization to performance analysis—and make use of offerings such as Loan Data Agent for Securitizations, Portfolio Surveillance, Market Surveillance, Tape Cracker, and Credit Facility Management.

The transaction is the latest in a series of acquisitions by Fitch Group as it expands its offerings. Previous acquisitions include Fulcrum Financial Data in 2018, CreditSights in 2021 and GeoQuant earlier this year.

Ted Niedermayer, President of Fitch Solutions, said: "We are very pleased to be acquiring dv01, a best-in-class data and analytics provider to the structured finance industry. The acquisition underscores Fitch Solutions' commitment to empowering our clients with critical insights and intelligence to identify opportunities and manage risks."

Perry Rahbar, CEO of dv01, said: "This acquisition marks a milestone for dv01 and signals a new era for the company. Fitch's resources will strengthen our position as a leading data intelligence company in structured finance, allowing us to deepen our footprint in current asset classes, develop new products and ultimately expand into new markets."

Jefferies LLC is serving as Financial Advisor to dv01 and Gunderson Dettmer, LLP is serving as legal counsel to dv01.