CRISIL Limited saw its shares climb more than 2% in early morning trade on Thursday after the company announced that it will acquire McKinsey PriceMetrix Co., a Canada-based software solutions provider for wealth management firms, in an all-cash deal valued at USD 38 million (around ₹335 crore).
The board of directors of CRISIL approved the acquisition of 100% equity in PriceMetrix through its step-down subsidiary CRISIL Canada Inc., which is held via CRISIL Irevna UK Limited. The deal remains subject to customary closing conditions and is expected to be completed within 180 days.
PriceMetrix, founded in 2000 and headquartered in Toronto, specializes in benchmarking analytics, pricing intelligence, and practice management solutions for wealth management firms and financial advisors. The company’s services help optimize pricing, improve client engagement, and enhance overall business performance. It also conducts industry surveys for the North American wealth management sector.
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