Morningstar's Sale of its Stake in YCharts

Winston & Strawn LLP represented Morningstar, a Chicago, Illinois-based financial services firm, in the sale of its stake in YCharts, a developer of an investment research platform designed to democratize investment research. YCharts, headquartered in Chicago, Illinois, was sold to LLR Partners in a recapitalization to drive new capital into the research and communications platform. Terms of the deal were not disclosed. The YCharts’ platform, data, visualization tools, and advanced analytics for equity, mutual fund, and exchange-traded fund data and analysis, are used by about 6,000 RIAs, broker-dealers, and asset managers. Previous investors in YCharts also included Hyde Park Angels, I2a, and REV Venture Partners.