London Stock Exchange Group agreed to buy Octus from Permira for $3.5 billion. The stock-exchange and financial-information company confirmed last week that it was in talks over the deal to acquire the credit intelligence, data and workflow provider. The transaction, subject to regulatory approval, strengthens LSEG's data offerings in the credit markets.
Octus provides software and data services used by banks and lenders to assess credit risk. The acquisition reflects continued consolidation in the financial technology sector as firms seek to expand their data capabilities. Permira, the private equity firm, originally acquired Octus in 2021.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing