Endicott Capital (“Endicott”), an investment fund focused exclusively on the information services sector, announced today that it has made a strategic investment in Charlottesville, VA-based CFRA (“the Company”). Terms of the transaction were not disclosed.
CFRA is a leading provider of independent research, data, and analytics with products covering fundamental equity research, forensic accounting research, ETF and mutual fund data, technical data and analysis, policy analysis, and legal research and analysis. For more than 25 years, the Company has provided its more than 2,600 clients, including wealth management platforms, institutional investors, corporations and academic institutions, RIAs, and individual investors, with the necessary research and analysis to support their investment strategies.
In conjunction with the investment, Endicott will join CFRA’s Advisory Board, lending insight to the Company’s growth plan as it integrates and scales its commercial, product, and operational teams.
Peter de Boer, CEO of CFRA, said, “Endicott’s deep understanding of the information services sector and proven operational expertise makes them an ideal partner for CFRA as we continue our growth and accelerate the creation of exceptional products for our global clients.”
“Building upon our long relationship with CFRA’s management, we are thrilled to partner with Peter de Boer, Theresa Torian, and the team” said Mike Chinn, Partner at Endicott. “The Company has expanded steadily their product offerings and now delivers a diverse set of leading research, data, and analytical solutions, evidenced by strong renewal rates and customer loyalty. Further, CFRA’s recent investments in strengthening its data and operational foundation position the Company well for growth and innovation and will allow them to better serve the investment management market.”
Source: Company Press Release
