Acquisition of Aggredium Strengthens Reorg's Data and Analytics Capabilities in Europe
NEW YORK, Feb. 8, 2021 /PRNewswire/ -- Reorg, a global provider of financial and legal intelligence, announced today that it has acquired Aggredium Finance Ltd, a specialist in European sub-investment grade credit bond and loan data.
"As part of our global growth strategy, Reorg continues to invest in each of our regions. We are delighted to add Aggredium to the Reorg platform, enhancing our analysis and reporting on the high-yield bond and leveraged loan markets in Europe," said Kent Collier, founder and CEO of Reorg. "We have been analyzing and publishing on credits in Europe for over five years and following this acquisition we now have more than 90 of our 260-strong team based in Europe. The launch of our EMEA Middle Market product in early 2020 surpassed all expectations, and this is another step in our continued investment in Europe. The Aggredium team will significantly enhance our data and analysis offering for subscribers."
"Aggredium will dramatically enhance Reorg's data platform in the sub investment grade space and it's a perfect complement to our existing offering. From the onset we have been impressed with the team's passion for technology, data depth and accuracy. We are looking forward to working with the Aggredium team to build best in class products for the high-yield and leveraged finance community," said Mario Oliviero, Managing Director of International Credit at Reorg.
Aggredium was founded in 2017 by Stefan Binder, Karolis Devyžis and Arnas Naruševičius, three experienced international analysts and bankers. Their goal was to build a standardized, aggregated proprietary database enabling users to analyze and forecast company cash flows and to screen the universe by both financial and market data. They set out to deliver accurate financial data combined with state of the art technology and analytics to empower businesses to make superior investment decisions.
"We are delighted to combine the Aggredium and Reorg platforms, both of which are dedicated to breaking down the barriers in understanding a hitherto opaque leveraged finance world. Aggredium's objective database, and developing factual covenant product, will be a fine adjunct to Reorg's analysis-driven expert journalism," said Stefan Binder Co-Founder and CEO of Aggredium.
Reorg's product range includes intelligence, data and analysis of high-yield and distressed credits across North America and Latin America, Europe, the Middle East and Africa, as well as Asia. Reorg also offers specialist data and intelligence on M&A, First Day filings and Covenants analysis.
Founded in 2013, Reorg has fundamentally changed the way financial and legal professionals access complex and opaque business information. Our unique editorial approach combines reporting with financial and legal analysis to provide a holistic view of topical situations and delivers that view in real time through our proprietary platform, which is powered by machine learning and natural language processing. Today, with offices on three continents, Reorg serves more than 20,000 professionals across the world's leading hedge funds, asset managers, investment banks, law firms, professional services, advisors and corporations so they can make better business, investment and advisory decisions. To learn more, visit Reorg.com.