Morningstar to Acquire Seeds Group

Morningstar to Acquire Seeds Group, Including Seeds Finance and Multiratings, Leading Provider of Investment Consulting Services and Fund Research in France.

Morningstar 17.05.2010

CHICAGO/PARIS, May 17, 2010—Morningstar France Holding, a subsidiary of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced it has entered into a definitive agreement to acquire Seeds Group, a leading provider of investment consulting services and fund research in France. The companies expect to complete the transaction within the next few months, subject to customary closing conditions. Terms were not disclosed.

Seeds Group was founded in 2002 and, through its subsidiary Seeds Finance, provides investment consulting services to pension funds, insurance companies, asset managers, banks, and brokerage firms. With more than 30 clients, the company and its affiliates specialize in asset liability management (ALM), manager selection, plan construction, risk, and portfolio management in alternative investments and active strategies.

“Our acquisition of Seeds Group will expand our investment consulting services in France, which has the largest asset management market in Europe,” said Joe Mansueto, chairman and chief executive officer of Morningstar. “Seeds Group has a well-known and well-regarded brand in the French institutional market along with a talented management team, whose expertise in alternative investments will enhance our fund-of-funds investment management capabilities.”

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