2026-10-22——
LSEG agrees to acquire Octus for $3.535 billion in cash from funds advised by Permira and Octus' management
A short entry: a summary of the public record, checked against its sources, not yet read and analysed by Gianluca. How the register works
On 22 October 2026 LSEG announced it had agreed to acquire Octus, a provider of credit intelligence, data and workflows, for a cash consideration of $3.535 billion from funds advised by Permira and Octus' management, including founder Kent Collier. The transaction is expected to close in H1 2027, subject to regulatory approval.
What happened
- Cash consideration of $3.535 billion, financed by external debt.
- Octus is headquartered in New York City and has over 900 employees, 750 customers and more than 40,000 individual users including buy-side firms, investment banks, law firms and advisory firms.
- Octus is expected to generate over $300 million in revenue in 2026, with an adjusted EBITDA margin of around 40%, and has achieved double-digit compound growth in revenue since 2022.
- Upon completion, Octus will be part of LSEG's Data & Analytics division, with Kent Collier continuing to run Octus, reporting to Gianluca Biagini and Ron Lefferts, Co-Heads of Data & Analytics.
- LSEG cites a private credit industry estimated at $3.5 trillion and a private markets data, workflow and access solutions served segment of $7-9 billion.
- Morgan Stanley is lead financial adviser and Barclays is financial adviser to LSEG; Evercore and Goldman Sachs are financial advisers to Octus' shareholders.
Who is involved
LSEG
LSEG is a British global provider of financial markets data and infrastructure.
Octus
Octus is a credit intelligence, data and workflow provider for buy-side firms, investment banks, law firms and advisory firms.
Sources
- lseg.com — primary
- en.wikipedia.org — party background
- stockanalysis.com — party background
- news.europawire.eu — party background
- octus.com — party background
- peinsights.substack.com — party background
Announced 2026-10-22