India, Oct. 13 -- London Stock Exchange Group Plc (LSEG.L) Tuesday confirmed its discussion with Permira to buy Octus in a consideration of $3.5 billion.
LSEG said the potential acquisition of the credit intelligence, data and workflow provider for buy-side firms, investment banks, law firms and advisory firms would be immediately accretive to its Data & Analytics and Group revenue growth.
The New York-based Octus' proprietary data covers the full credit lifecycle, with a leading position in illiquid and private credit - a high growth segment of the market.
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Octus has been known for its strong track record of double-digit revenue growth based on a high-r...