TheStreet, Inc.

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TheStreet, Inc.
For more information regarding this transaction contact:
  • Tim Klein Investment Banking 612.260.6173

Lake Street is pleased to announce its client, TheStreet, Inc. (Nasdaq:TST), a leading news and information company, sold its RateWatch business to S&P Global Inc. (NYSE:SPGI) for $33.5 million. S&P Global provides transparent and independent ratings, benchmarks, analytics and data to the capital, corporate and commodity markets worldwide. Lake Street served as exclusive financial advisor to TheStreet, Inc. in connection with the transaction.

 

About TheStreet, Inc.

TheStreet, Inc. is a leading financial news and information provider to investors and institutions worldwide. The Company's flagship brand, TheStreet (www.thestreet.com), has produced unbiased business news and market analysis for individual investors for more than 20 years. The Company's portfolio of institutional brands includes The Deal (www.thedeal.com), which provides actionable, intraday coverage of mergers, acquisitions and all other changes in corporate control and BoardEx (www.boardex.com), a relationship mapping service of corporate directors and officers.

About RateWatch

RateWatch, based in Fort Atkinson, Wisconsin, provides more than 4,200 bank and credit union clients with a robust deposit and loan rate database covering 100,000 locations and dating back 20 years. RateWatch has approximately 60 employees and 2017 revenues of approximately $7.7 million. It was acquired by TheStreet in 2007.

About S&P Global Inc.

S&P Global is a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. The Company's divisions include S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices and S&P Global Platts. S&P Global has approximately 20,000 employees in 31 countries. For more information visit www.spglobal.com.

Contact

Mike Townley
Head of Investment Banking

612.326.1313

Email Mike
 

Dave McDonald
Head of Life Science Investment Banking

612.326.1268

Email Dave

 

Tim Klein

Investment Banking

612.260.6173

Email Tim

 

Rob Martin

Investment Banking

612.260.5850

Email Rob

 

Steve Rickman

Investment Banking

612.326.1985

Email Steve