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The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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December 14, 2021
Source: Parthenon Capital
NEW YORK — KBRA, a full-service global rating agency committed to innovation and integrity, today announced it has entered a deal with leading growth-oriented private equity firm Parthenon Capital Partners who will acquire a majority stake in the company. KBRA is the largest global credit rating agency founded in the wake of the global financial crisis.
“When KBRA was founded, our mission was to provide the market with timely, valuable, and transparent ratings and research,” said KBRA CEO, President, and Co-Founder Jim Nadler. “Over the past 11 years, KBRA has set the standard for engagement with investors, which has led to our leadership position across many markets. This investor engagement and outreach has also led to KBRA’s acceptance and reliance among issuers, policymakers, and key opinion leaders. As we continue to expand both domestically and abroad, we are excited to partner with Parthenon to accelerate our future growth.”
KBRA has more than 400 employees across five offices in the U.S. and Europe. The company has issued over 51,000 ratings with nearly $3 trillion in rated issuance since its inception in 2010. KBRA provides industry-leading ratings and research across all sectors from its Corporate, Financial, and Government (CFG) and Structured Finance units. The company also delivers high-quality data, information, and tools to the market through innovative technology across its KBRA Analytics platform, including corporate and financial sector credit information and data and analytics.
“KBRA has quickly become a leading voice among the major global rating agencies. The market clearly relies on KBRA for holistic, transparent and thoughtful credit ratings and research,” said Zach Sadek, a partner at Parthenon Capital.
“KBRA’s strong culture valuing integrity, ratings quality and customer service positions the firm for continued growth and success,” said Brian Golson, Co-CEO of Parthenon Capital. “We look forward to partnering with KBRA’s passionate team to support their next chapter.”
Parthenon Capital’s financial advisor was Newbold Partners LLC and its legal advisor was Kirkland & Ellis LLP. KBRA’s legal advisors were Gunderson Dettmer LLP and Shearman & Sterling LLP.
About KBRA
KBRA provides credit ratings across a variety of CFG sectors and Structured Finance. The former includes Corporates, Financial Institutions, Funds, Insurance, Project and Infrastructure, Public Finance, and Sovereigns. Structured Finance offerings include all major sectors, including ABS, CMBS, RMBS, and Structured Credit. In addition to ratings, the firm provides insightful credit information and data through its KBRA Analytics Service. For more information, please see www.kbra.com and kbraanlytics.com.
About Parthenon Capital
Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco, and Austin. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. Parthenon seeks to be an active and aligned partner to management, either through recapitalization transactions or by backing new executives. Parthenon has particular expertise in health care, financial and insurance services, and technology services, but seeks any service, technology or delivery business with a strong value proposition and proprietary know-how. For more information, visit www.parthenoncapital.com.
“When KBRA was founded, our mission was to provide the market with timely, valuable, and transparent ratings and research,” said KBRA CEO, President, and Co-Founder Jim Nadler. “Over the past 11 years, KBRA has set the standard for engagement with investors, which has led to our leadership position across many markets. This investor engagement and outreach has also led to KBRA’s acceptance and reliance among issuers, policymakers, and key opinion leaders. As we continue to expand both domestically and abroad, we are excited to partner with Parthenon to accelerate our future growth.”
KBRA has more than 400 employees across five offices in the U.S. and Europe. The company has issued over 51,000 ratings with nearly $3 trillion in rated issuance since its inception in 2010. KBRA provides industry-leading ratings and research across all sectors from its Corporate, Financial, and Government (CFG) and Structured Finance units. The company also delivers high-quality data, information, and tools to the market through innovative technology across its KBRA Analytics platform, including corporate and financial sector credit information and data and analytics.
“KBRA has quickly become a leading voice among the major global rating agencies. The market clearly relies on KBRA for holistic, transparent and thoughtful credit ratings and research,” said Zach Sadek, a partner at Parthenon Capital.
“KBRA’s strong culture valuing integrity, ratings quality and customer service positions the firm for continued growth and success,” said Brian Golson, Co-CEO of Parthenon Capital. “We look forward to partnering with KBRA’s passionate team to support their next chapter.”
Parthenon Capital’s financial advisor was Newbold Partners LLC and its legal advisor was Kirkland & Ellis LLP. KBRA’s legal advisors were Gunderson Dettmer LLP and Shearman & Sterling LLP.
About KBRA
KBRA provides credit ratings across a variety of CFG sectors and Structured Finance. The former includes Corporates, Financial Institutions, Funds, Insurance, Project and Infrastructure, Public Finance, and Sovereigns. Structured Finance offerings include all major sectors, including ABS, CMBS, RMBS, and Structured Credit. In addition to ratings, the firm provides insightful credit information and data through its KBRA Analytics Service. For more information, please see www.kbra.com and kbraanlytics.com.
About Parthenon Capital
Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco, and Austin. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. Parthenon seeks to be an active and aligned partner to management, either through recapitalization transactions or by backing new executives. Parthenon has particular expertise in health care, financial and insurance services, and technology services, but seeks any service, technology or delivery business with a strong value proposition and proprietary know-how. For more information, visit www.parthenoncapital.com.
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