LSEG Agrees to Buy Credit Data Provider Octus From Permira for $3.535 Billion as Q3 Growth Surges

London Stock Exchange Group has agreed to acquire Octus, a New York-headquartered credit intelligence, data and workflow provider, from private equity firm Permira for $3.535 billion in cash. The deal, confirmed on October 22, deepens LSEG's push into financial data analytics and is expected to be immediately accretive to group revenue growth.

The acquisition came alongside a strong third-quarter trading update in which LSEG reported income excluding recoveries rose 8.8% on an organic constant-currency basis. On the back of that performance, LSEG raised its full-year organic constant-currency growth guidance to at least 8.0%, up from its prior forecast of 7.0% to 7.5% issued at the half year, and lifted its EBITDA margin expansion forecast to a range of 100 to 120 basis points. The company described the trajectory as its strongest annual organic revenue growth since 2018.

LSEG had confirmed it was in talks with Permira on October 13, when its shares fell 4.7% on the news. The formal agreement announced October 22 follows that disclosure and represents a significant expansion of LSEG's data and analytics capabilities into the credit market segment.