Clayton Holdings is to acquire Euro Risk Management, Bristol, a credit and risk consultancy operating in the UK, Italy and Holland.
Clayton is a provider of information-based analytics, consulting and outsourced services for capital markets firms, lending institutions, fixed income investors and loan servicers.
The terms of the deal, which is expected to close in April, were not disclosed.
The company will be re-named Clayton Euro Risk, and Tim Keast, chief executive officer of Euro Risk Management, will continue to lead the company as President.
He says: “Our clients in the UK and on the continent will benefit from the expertise, technology and scale that Clayton brings.
“This is an exciting time in our markets and partnering with Clayton – the US leader in due diligence and bond surveillance – will enable us to take advantage of this opportunity.”
Frank Filipps, chairman and chief executive officer of Clayton Holdings, says: “Clayton’s clients, the largest international debt issuers, are rapidly building a secondary market for residential and other asset-backed securities in Europe.
“Our strategy is to follow our clients into these new markets.
“This acquisition gives us a strong local presence and a seasoned, well-respected management team on the ground.
“It is a first step towards building a platform to deliver a full range of risk and transaction services internationally.”