2025-11-27——
S&P Global completes $1.8 billion acquisition of With Intelligence from Motive Partners-led group
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S&P Global announced on 25 November 2025 the completion of its $1.8 billion acquisition of With Intelligence, a source of private markets data, insights and analytics, from a group led by majority investor Motive Partners. The deal was first announced in October 2025.
What happened
- S&P Global announced completion of the acquisition on 25 November 2025, with Asset Servicing Times reporting the completion on 27 November 2025.
- The purchase price was $1.8 billion.
- The seller group was led by majority investor Motive Partners, a private investment firm focused on financial and tech-enabled business services companies.
- With Intelligence is a source of private markets data, insights and analytics serving approximately 3,000 customers across Private Equity, Private Credit, Hedge Funds, Real Estate, Infrastructure and Family Offices.
- The deal was first announced in October 2025; the agreement was announced on 15 October 2025.
- With Intelligence was expected to generate approximately $130 million in revenue in 2025 with annual contract value growth in the high teens.
Who is involved
S&P GlobalListed · NYSE: SPGI
S&P Global is the world's foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets.
FY2024 revenue US$14.208B
With Intelligence
With Intelligence is part of S&P Global, delivering end-to-end coverage across the alternatives marketplace.
$130m expected additional revenue in 2025
Motive Partners
Sources
- assetservicingtimes.com — primary
- investor.spglobal.com — party background
- withintelligence.com — party background
- fintechfutures.com — party background
- motivepartners.com — party background
Announced 2025-11-27