Carlyle, Warburg Pincus close acquisition of credit rating agency DBRS

U.S. private equity firms The Carlyle Group and Warburg Pincus have closed their previously announced buy of Toronto-based credit rating agency DBRS. No financial terms were disclosed. Perella Weinberg Partners was financial advisor to DBRS on the transaction, while CIBC World Markets provided financial advice to Carlyle and Warburg Pincus. Update: Reuters reported in December 2014 that the acquisition of DBRS, which was done in partnership with a consortium of Canadian investors and the company's management, was valued at more than US$500 million.

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