LSEG to Acquire Octus for $3.54B in Cash — SkimNews
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- LSEG agreed to acquire Octus for $3.54B in cash from Permira and Octus' management.
- Octus is an NY-based provider of credit intelligence, data, and workflow software; LSEG said the acquisition would transform its presence in credit and private markets data.
Why it matters: For LSEG, the $3.54 billion cash purchase buys a New York credit intelligence and software business outright, with the group saying the deal transforms its presence in credit and private markets data. For Permira and Octus' management, it is a complete cash exit from the asset.
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