Staff
Canadian credit rating agency DBRS has agreed to be acquired by private equity firms The Carlyle Group and Warburg Pincus.
Terms of the transaction, which is expected to close in the first quarter of 2015, were not disclosed.
Walter Schroeder, founder and controlling shareholder of DBRS, will remain an investor in the world’s fourth-largest credit rating agency.
“With the support and resources of our new partners,” says DBRS CEO Daniel Curry, “DBRS is well positioned to strengthen our leading franchise in Canada and continue to develop our presence across North America and Europe.”
The company, which was founded in 1976, will keep its corporate headquarters in Toronto.
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