LSEG, London Stock Exchange Group, confirms that the company is in discussions with Permira to acquire financial data company Octus for approximately USD 3.5 billion.
Earlier in the day, Reuters reported, citing sources, that talks were ongoing between the parties.
Octus provides data and analytical services in the credit market, particularly private and illiquid credit, and has posted double-digit revenue growth. An acquisition is expected to contribute positively to LSEG’s revenue growth immediately.
No final agreement has yet been reached, and any potential transaction requires regulatory approval.
