London Stock Exchange Group Acquires Octus for $3.5 Billion in Cash
London Stock Exchange Group (LSEGY) has announced the acquisition of credit intelligence provider Octus from private equity firm Permira. The transaction is valued at approximately $3.535 billion and will be executed as an all-cash deal. The acquisition is strategically positioned to bolster LSEG's data capabilities, with projections suggesting the addition of over $300 million in annual revenue by 2026. While the deal is expected to be earnings neutral during its first year of integration, it represents a significant expansion into the credit intelligence sector.
Tickers: $OCTI
Topics: Credit Intelligence Financial Services M&A