SNL Financial is a leading provider of industry-focused financial, business and market data, news, and analytics for the financial institutions, energy, real estate, media & communications, and metals & mining sectors. SNL serves over 4,200 customers, including many of the nation’s top investment and commercial banks, investment managers, consulting firms, corporations, and government agencies, through access to an in-depth electronic database, available online and updated 24/7. The Company has over 70,000 individual users of its products at these clients. SNL was founded in 1987.
New Mountain acquired SNL on an exclusive basis outside of any auction process, driven by the firm’s multi-year and proactive “deep-dive” effort in the information services and database sector. New Mountain’s reputation for building businesses was particularly important to SNL’s owners and management team, who retained a large ongoing minority ownership stake in SNL.