- Already a 20% owner of the private capital markets research and data provider company, Morningstar (NASDAQ:MORN) has agreed to buy the rest of PitchBook for about $180M, valuing the entire firm at $225M. PitchBook will continue to be led by founder and CEO John Gabbert, and Morningstar by Kunal Kapoor.
- With the deal, leading providers of research on public and now private companies will be under one roof.
- PitchBook had $31.1M in revenue in the 12 months ended June 30, and has over 300 employees located in Seattle, NYC, and London.