Kroll Bond Rating Agency (KBRA) has entered a deal with private equity firm Parthenon Capital Partners who will acquire a majority stake in the company.
KBRA currently holds over 400 employees across its 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 ratings and research across all sectors from its Corporate, Financial, and Government (CFG) and Structured Finance units.
The company also delivers 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 CEO, President, and Co-Founder Jim Nadler commented: “When KBRA was founded, our mission was to provide the market with timely, valuable, and transparent ratings and research. 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.”
Zach Sadek, a partner at Parthenon Capital said: “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.”
Brian Golson, Co-CEO of Parthenon Capital added: “KBRA’s strong culture valuing integrity, ratings quality and customer service positions the firm for continued growth and success. We look forward to partnering with KBRA’s passionate team to support their next chapter.”
