Permira is in talks to sell credit intelligence provider Octus to London Stock Exchange Group for about $3.5bn, according to PE Insights.
Octus provides credit intelligence, data, and workflow tools to buy-side firms, investment banks, law firms, and advisory firms. Its proprietary data covers the full life of a credit, from issuance to restructuring. Such coverage gives customers a comprehensive view of the credit market at every stage.
LSEG highlighted Octus's leading position in illiquid and private credit, which it described as a high-growth part of the market. The business has delivered consistent double-digit revenue growth from a subscription model with high customer retention. These figures underpin the strategic appeal of the deal for the exchange operator.
Permira first invested in the business in August 2022, when its funds agreed to buy Warburg Pincus's majority stake in what was then called Reorg. The firm has since guided the company through a period of expansion. Any agreed transaction would mark a significant exit for the private equity owner.
Source: PE Insights · Summarized by HeadlinesBriefing