MSCI to Acquire First Street for $120 Million

"Cooley LLP advised First Street on its sale to MSCI for $120 million in cash at closing, with potential additional cash payments during the first two years if revenue thresholds are met. Cooley previously advised First Street on its $46 million Series A financing in 2024."

Cooley LLP advised First Street, a provider of physics-based climate risk data and analytics, on its agreement to be acquired by MSCI; MSCI is the buyer in the transaction. Under the terms of the agreement, MSCI will pay $120 million in cash at closing, with the potential for additional cash payments during the first two years following closing if certain revenue thresholds are achieved. The transaction was announced publicly. Cooley previously advised First Street on its $46 million Series A financing in 2024. Cooley represented First Street with a team composed by: Kevin Cooper, Roy Moran, Asal Yunusov, Amarantha Zaniker-Gomez, Christopher Andrews, Ryan Bowers, Megan Browdie, Joy Chow, Sharon Connaughton, Thomas Connors, Paula Fleckenstein, Stephanie Gentile, Todd Gluth, Claire Goldhawk, Kristen Mathews, Carly Mitchell, Allison Nostdahl, Nyron J. Persaud, Gregg Rader, Lois NaYeon Yoo, Katie Kissner, Virat Gupta.

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MSCI to Acquire First Street for $120 Million

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MSCI to Acquire First Street for $120 Million

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