Morningstar Completes Acquisition Of Wealth Management Platform Provider Praemium'S Uk And International Business
Acquiring Company
Morningstar
Acquired Company
Praemium
Chicago
MelbourneMelbourneFinancial ServicesFinanceFinancial ServicesSoftwareAngel InvestmentFinancial ServicesSoftwareAngel InvestmentDescription
Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, has completed its acquisition of Praemium's operations in the United Kingdom, Jersey, Hong Kong, and Dubai from Praemium Limited (ASX: PPS) for £35 million, subject to completion adjustments.
Quick answer
Morningstar is acquiring Praemium and Praemium, announced June 30, 2022. Morningstar is based in Chicago, Illinois, United States.
- How much did Morningstar pay for Praemium?
- The deal value was not disclosed.
- What does Morningstar do?
- Morningstar, Inc. is a financial services firm based in Chicago, Illinois, founded in 1984 by Joe Mansueto.
- Where are Morningstar and Praemium based?
- Morningstar is based in Chicago, Illinois, United States. Praemium is based in Melbourne, Victoria, Australia.
- Who are the decision-makers at Morningstar?
- Fundz holds 3 contacts at Morningstar. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Praemium?
Praemium was acquired by Morningstar, based in Chicago. The deal was reported on June 30, 2022. Morningstar, Inc. is a financial services firm based in Chicago, Illinois, founded in 1984 by Joe Mansueto. Morningstar is publicly traded (MORN) and operates in Financial Services.
When did Morningstar acquire Praemium?
Morningstar's acquisition of Praemium was reported on June 30, 2022. Morningstar, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Praemium do?
Praemium is the leading investment platform in Australia, catering to the emerging and established HNW market. It is privately held, operating in Financial Services, and is based in Melbourne.
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