Fitch Group Completes Acquisition of Fulcrum Financial Data

Fitch Group, a unit of Hearst, today announced it has completed its
acquisition of Fulcrum Financial Data, a leading provider of leveraged
finance and distressed debt analysis, news and data. Fitch, in addition
to having a strong presence in this market through ratings and research,
is now home to some of the market’s most influential news, data and
analytic brands including Covenant Review, LevFin Insights,
CapitalStructure and PacerMonitor.

Fitch announced its agreement to acquire Fulcrum from Leeds Equity
Partners on May 31, 2018.

Fulcrum CEO Steve Miller will continue to lead the business, reporting
to Dr. Ranjit Tinaikar, President, Fitch Solutions. Tinaikar commented:
“Fitch is committed to growing this business and to supporting the
editorial excellence that leveraged finance and debt capital market
participants have come to expect from these great brands.”

Miller commented: “As part of Fitch Solutions, our valuable content and
sought-after experts will help debt capital market participants meet
their news and information needs. We also look forward to working
alongside our colleagues in Fitch Ratings on events and other
opportunities to interact with investors, bankers and issuers.”

Brian Filanowski, Global Head of Product, Fitch Solutions, commented:
“Our goal is to deliver the best information platform for leveraged
finance professionals. We look forward to adding news from sources like
Covenant Review, CapitalStructure and LevFin Insights to our Fitch
Connect platform, where they will be offered alongside ratings, research
and analytics from Fitch Ratings.”

About Fulcrum Financial Data:

Fulcrum Financial Data offers unique insights, commentary, and data that
give subscribers an edge in playing the corporate bond, leveraged loan
and special situations markets. Fulcrum Financial Data is led by a team
of accomplished financial information entrepreneurs, all of whom are
recognized subject matter experts in their respective areas. The
portfolio includes:

–Covenant Review is the trusted source for the interpretation of
corporate bond indentures and leveraged loan credit agreements.

–LevFin Insights provides comprehensive real-time news, commentary and
data for leveraged loan and high-yield bond market players.

–CapitalStructure provides insightful first-to-market news and analysis
of the sub-investment grade universe, with a focus on special situations.

–PacerMonitor is a unified, modern and full-featured platform for
researching and tracking federal bankruptcy, district and appellate
court cases.

About Fitch Group:

Fitch Group is a global leader in financial information, providing
critical insights that inform better decision-making in financial
markets. A unit of Hearst, Fitch Group is comprised of: Fitch Ratings, a
global leader in credit ratings and research; Fitch Solutions, a leading
provider of credit intelligence and the primary distributor of Fitch
Ratings content; and Fitch Learning, a training and professional
development firm specializing in regulatory and certification exam
training, professional skills development, and blended e-learning

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