MountainView Capital Holdings, a Denver-based provider of asset management and services for the fixed-income market, acquired Clayton IPS, the independent pricing service of Clayton Holdings this week.
Terms of the deal were not disclosed. Going forward, Clayton IPS will operate as MountainView IPS.
The transaction gives MountainView clients access to IPS' ability to offer fixed-income managers and investors with third-party, fair market pricing for residential mortgage-backed securities, commercial mortgage-backed securities and asset-backed securities.
The Clayton IPS team also values residential whole loans, credit default swaps, secured corporate debt and structured debt transactions.
Through the acquisition, MountainView gains the proprietary tools of Clayton IPS.
MountainView Capital Holdings and Clayton agreed as part of the transaction to allow their respective clients access to services offered by both firms.
Andrew Platt was hired by MountainView Capital Holdings to serve as head of business development. Platt will be responsible for increasing MountainView Capital Holdings' profile when it comes to the fixed-income capital markets.