LSEG Agrees to Buy Octus for $3.535 Billion to Expand…
By Rick Steves
AI summary of the source article
London Stock Exchange Group has agreed to acquire credit intelligence and data provider Octus for $3.535 billion in cash. The transaction is expected to close in the first half of 2027, subject to regulatory approval.
Why it matters
LSEG stated that "the combined products could help customers source deals, assess risk and manage portfolios across a credit market that is increasingly divided between liquid public debt and less liquid private lending."
Key facts
- LSEG agreed to acquire Octus for $3.535 billion in cash, funded with external debt.
- The transaction is scheduled to close in the first half of 2027, subject to regulatory approval.
- Octus will join LSEG's Data & Analytics division, expanding coverage of private, illiquid, and distressed debt.
Source excerpt · FinanceFeeds
London Stock Exchange Group has agreed to acquire Octus for $3.535 billion in cash , expanding its credit intelligence and data services across public, private, illiquid and distressed debt. Octus is being sold by funds advised by Permira and its management, including founder Kent Collier. The transaction is expected to close in the first half of 2027, subject to regulatory approval.LSEG plans to…