LSEG to Acquire Octus for $3.535 Billion to Expand Credit Data Business

London Stock Exchange Group plc (LSEG.L) said Thursday it agreed to acquire New York-based credit intelligence provider Octus for $3.535 billion in cash, a deal aimed at expanding its presence in credit and private market data. The transaction is expected to be neutral to adjusted EPS in the first full year and accretive thereafter, and immediately accretive to LSEG's Data & Analytics organic revenue growth. It will be financed with external debt. Octus, which has more than 900 employees, 750 customers and over 40,000 individual users, is expected to generate more than $300 million in revenue for 2026, with strong double-digit growth and an adjusted EBITDA margin of about 40%. The business will join LSEG's Data & Analytics division, with founder and CEO Kent Collier continuing to lead it. The deal is expected to close in the first half of 2027. LSEG shares were trading at 8,982.64 pence, up 2.19% in London.