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New Deal


Announced

Moody’s to acquire ABS Suite Business of Deloitte.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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United States

Acquisition

Majority

accounting software

Software

Pending

financial technology platform

Private

Single Bidder

Synopsis

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Moody’s Corporation, an American business and financial services company, agreed to acquire ABS Suite Business, software platform used by issuers and trustees for the administration of asset-backed and mortgage-backed securities programs, from Deloitte, a multinational professional services network. Financial terms were not disclosed. “The acquisition of ABS Suite deepens Moody’s Analytics’ presence with issuers of securitized transactions. Adding the expertise and experience of the ABS Suite team to our already formidable capabilities enables us to provide more and better solutions that improve funding decisions, increase operational efficiency and promote transparency and efficiency in the securitization financial markets.” Mark Almeida, President of Moody’s Analytics.

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