LSEG Agrees $3.5B Acquisition of Credit-Intelligence Platform Octus From Permira in Biggest Deal Since Refinitiv

LSEG said it will acquire credit-market intelligence platform Octus from Permira for $3.5B in cash — its biggest deal since the 2019 Refinitiv purchase. Octus combines journalists and analysts with automation that performed 4M+ classifications, 1M structured data extractions and 250K+ content summaries this year. LSEG plans to merge Octus with Workspace, LPC, Yield Book, PRS and Tradeweb; it expects $300M+ in 2026 revenue, earnings neutrality in year one, and closing in H1 2027.