Xtract Research LLC

Xtract Research LLC provides in-depth covenant research and analysis, equipping financial professionals with essential tools to navigate complex credit agreements and inform pivotal financial decisions. Founded in 2007 in New York, US, Xtract Research LLC specializes in covenant research and analysis. In March 2010, the company was acquired by Mergermarket Limited from Gold Ridge Asset Management. The firm has completed a total of 2 deals, with the most recent deal occurring on March 30, 2010.

Xtract Research specializes in covenant research and analysis, offering a suite of tools that empower financial professionals to navigate complex credit agreements effectively. Their primary product line includes sophisticated legal analysis on bond covenants and access to the largest 144A library in the market, which allows users to compare covenants with ease. The platform also supports law firms, investment banks, and sell-side analysts in identifying precedent language and understanding market trends. Additionally, Xtract Research provides special reports that analyze significant market events, such as exchange offers and leveraged buyouts, as well as commentary on emerging covenant trends.

Their services are utilized by clients across North America, Europe, Asia, and Latin America, addressing the needs of a diverse clientele engaged in high-stakes financial transactions. Xtract Research generates revenue primarily through subscription-based models, where clients, including major law firms and investment banks, access their comprehensive research and analysis tools. The transaction structure typically involves clients subscribing to their platform, granting them access to a wealth of data including bond covenants and special reports. The firm's flagship offerings, which include detailed analyses of covenants and market trends, are priced in a manner that supports both individual users and large organizations.

These subscriptions allow clients to leverage Xtract's advanced technological platform to enhance their operational efficiencies and decision-making processes. The revenue model is built on establishing long-term partnerships with clients, ensuring that they receive continuous updates and insights into the ever-evolving credit markets. Xtract Research plans to enhance its offerings by developing new products, aiming for a release by late 2010 that will further streamline the research process for clients. The company is also targeting expansion into emerging markets in Asia and Latin America, with plans to establish a presence in these regions by mid-2011.

The recent acquisition by Mergermarket Limited is expected to provide the necessary capital to support these initiatives.