Morningstar Buying Part of Hemscott

In a move intended to enlarge Chicago-based Morningstar, Inc.’s international footprint, the firm is buying online global capital markets databases, an investor relations business, and a New Delhi, India-based data collection business from Ipreo Holdings LLC.

In a $51.6 million cash deal slated to close “in early January,” the announcement says, Morningstar will acquire London-based Hemscott Data, which has 70 employees; Hemscott India, which has 200 employees based in New Delhi; and Hemscott.com. Hemscott has 10 U.S.-based employees as well that are included in the deal.