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- Kroll Bond Rating Agency
Kroll Bond Rating Agency Acquisition, Valuation, Funding & Investors
Kroll Bond Rating Agency was acquired by Parthenon Capital Partners for $900M in December 2021.
Kroll Bond Rating Agency acquisition price
$900M
Acquired by Parthenon Capital Partners · Dec 2021
Cumulative funding Kroll Bond Rating Agency raised
$15M
across 1 funding round
Key investors in Kroll Bond Rating Agency
Bessemer Venture Partners
RRE Ventures
Solon Mack Capital
About Kroll Bond Rating Agency
Kroll Bond Rating Agency is a New York-based credit rating provider offering independent assessments for structured finance, corporate, and infrastructure debt securities. KBRA covers more than 2,500 issuers and issues ratings on asset-backed securities, municipal bonds, and insurance-linked securities. The agency delivers research reports and surveillance on over $3 trillion in rated debt, competing with Moody's and S&P in the U.S. market. Founded in 2010 as a joint venture involving Kroll Associates, it holds NRSRO status from the SEC.
Founded
2010
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Services
Valuation
$900M (acquired Dec 2021)
Sectors
Kroll Bond Rating Agency Acquisition
Kroll Bond Rating Agency was acquired by Parthenon Capital Partners for $900M on 13 December 2021.
Before the acquisition Kroll Bond Rating Agency had raised $15M across 1 funding round.
Kroll Bond Rating Agency (KBRA), a full-service global credit rating agency founded in 2010 in the wake of the global financial crisis, entered a deal on December 13, 2021, with Parthenon Capital Partners, under which Parthenon will acquire a majority stake. KBRA, headquartered in New York, provides ratings and research across corporate, financial, government, and structured finance sectors, and delivers data and analytics through its KBRA Analytics platform. The company had over 400 employees across five offices in the US and Europe and had issued more than 51,000 ratings covering nearly $3 trillion in issuance since inception. Parthenon Capital Partners, a growth-oriented private equity firm, aims to provide KBRA with capital to accelerate growth, expand analytics and ratings capabilities, and support domestic and international expansion. KBRA's CEO Jim Nadler highlighted the firm's leadership in investor engagement and market position, while Parthenon partners Zach Sadek and Brian Golson emphasized KBRA's strong culture, ratings quality, and potential for continued success. The transaction positions KBRA for its next growth phase through this partnership.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 13 Dec 2021 | PE buyout | $900M |
Kroll Bond Rating Agency Funding History
Kroll Bond Rating Agency has raised a total of $15M across 1 funding round.
Kroll Bond Rating Agency funding rounds
| Date | Stage | Investors | Raised |
|---|---|---|---|
| Aug 2013 | Series C | RRE Ventures; Solon Mack Capital; Bessemer Venture Partners | $15M |
Who has invested in Kroll Bond Rating Agency?
3 investors have backed Kroll Bond Rating Agency across its funding rounds, including Bessemer Venture Partners, RRE Ventures and Solon Mack Capital.
Kroll Bond Rating Agency Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Aug 2013 | ||
This data is available for Pro users. Sign up to see all 3 Kroll Bond Rating Agency investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments by Kroll Bond Rating Agency
Kroll Bond Rating Agency has invested in 1 company to date.
Latest investment by Kroll Bond Rating Agency was on August 15th 2014. Kroll Bond Rating Agency invested in Weiss Analytics in their $2M Seed round.
Latest Investments by Kroll Bond Rating Agency
| Description | Weiss Analytics is a Natick, Massachusetts-headquartered firm producing house-level repeat sales price indexes using big data. It generates nearly 50 million unique indexes covering U.S. residential properties through parallel computing algorithms. Clients include banks, insurers, and real estate platforms like Zillow for appraisal and risk models. Founded in 2007, it updates data monthly from public records and MLS sources. |
| HQ Country | |
| HQ City | Boston, MA |
| Deal Date | 15 Aug 2014 |
| Round | Seed |
| Raised | $2M |
| Investors | - |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Kroll Bond Rating Agency investments and their VC round multiples. Start Free Trial | |
Kroll Bond Rating Agency Competitors
Kroll Bond Rating Agency competitors include listed companies like Sagicor and XPS Pensions Group, and private ones like Sygnum, Veritas Finance, Post Trade Solutions and Datong.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $2.3B | $420M | $826M | 0.3x | ||
| Publicly listed | $353M | $80M | $819M | 2.5x | ||
| Private | $100M | $10M | $1B | 10.0x | ||
| Private | $167M | - | $1B | 6.1x | ||
| Private | $128M | $21M | $1.1B | 8.8x | ||
| Private | - | - | $712M | - |
Kroll Bond Rating Agency Public Comps
Kroll Bond Rating Agency is no longer listed, but its public comps include Sagicor, XPS Pensions Group, NICE Information Service, Alexforbes, Fundo Investimento, ICRA, Axactor, Banco De Valores, KFin Technologies and Choice International.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.3B | $420M | 0.4x | 0.3x | 2.0x | - | |||
| $353M | $80M | 2.6x | 2.5x | 11.3x | 8.7x | |||
| $438M | $93M | 1.3x | 1.2x | 6.0x | 5.5x | |||
| $386M | $79M | - | - | - | - | |||
| $61M | $55M | 7.2x | - | 7.9x | - | |||
| $62M | $28M | 6.1x | 5.5x | 13.5x | - | |||
| $299M | $61M | 4.1x | 8.8x | 20.0x | (12.2x) | |||
| $253M | $54M | 1.6x | - | 7.4x | - | |||
This data is available for Pro users. Sign up to see all Kroll Bond Rating Agency competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Kroll Bond Rating Agency
| When was Kroll Bond Rating Agency founded? | Kroll Bond Rating Agency was founded in 2010. |
| Where is Kroll Bond Rating Agency headquartered? | Kroll Bond Rating Agency is headquartered in New York City, NY, United States. |
| Is Kroll Bond Rating Agency publicly listed? | No, Kroll Bond Rating Agency was acquired by Parthenon Capital Partners in December 2021. |
| Who acquired Kroll Bond Rating Agency? | Kroll Bond Rating Agency was acquired by Parthenon Capital Partners in December 2021. |
| How much was Kroll Bond Rating Agency acquired for? | Kroll Bond Rating Agency was acquired for $900M in December 2021. |
| How much funding has Kroll Bond Rating Agency raised? | Kroll Bond Rating Agency has raised $15M across 1 funding round. |
| What was Kroll Bond Rating Agency's last funding round? | Kroll Bond Rating Agency's last funding round was a $15M Series C in August 2013. |
| Who are Kroll Bond Rating Agency's investors? | Kroll Bond Rating Agency's investors include RRE Ventures, Solon Mack Capital and Bessemer Venture Partners. |
| Which companies are comparable to Kroll Bond Rating Agency? | Companies comparable to Kroll Bond Rating Agency include Sagicor, XPS Pensions Group, Sygnum, Veritas Finance, Post Trade Solutions and Datong. |
| How many companies has Kroll Bond Rating Agency invested in? | Kroll Bond Rating Agency has invested in 1 company, including Weiss Analytics. |
| What was Kroll Bond Rating Agency's last investment? | In August 2014, Kroll Bond Rating Agency invested in Weiss Analytics' $2M seed round. |
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