LSEG has agreed to acquire credit intelligence, data and workflow provider Octus for $3.535 billion in cash from funds advised by Permira and Octus management including founder Kent Collier, the company announced. [1]
The purchase is intended to transform LSEG's presence in credit and private market data. [1] LSEG said the deal would create a leading proposition in these high-growth areas. [1]
Octus supplies credit intelligence, data and workflows to market participants. [1] LSEG described Octus as a leading provider in its segment. [1] LSEG described Octus as a leading provider of credit intelligence, data and workflows. [1]
Octus was founded by Kent Collier, who is among the sellers. [1] LSEG's announcement said the acquisition would transform its presence in credit and private market data. [1] The cash consideration is $3.535 billion, with no stock component mentioned. [1]
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Nina Castell covers startups, funding rounds and acquisitions for Venturist. She writes from company announcements, filings and published reporting.