LSEG agrees $3.535bn Octus acquisition to expand private-credit data

London Stock Exchange Group has agreed to acquire Octus for $3.535 billion in cash, moving further into credit intelligence, private-market data and workflow tools. The agreement replaces the earlier position in which LSEG had confirmed talks but said no transaction was guaranteed.[1]

Octus, formerly known as Reorg, supplies information across leveraged finance, distressed debt and private credit. Those markets are less standardised than listed equities, so the commercial value lies not only in raw prices but also in proprietary documents, legal developments and workflow data that institutions use before and after a trade.[1][2]

Credit data and distribution

Octus structures hard-to-access credit documents, including covenants and deal terms, for search, analysis and portfolio workflows. LSEG says that complements its existing liquid-credit data, analytics and distribution.[1]

For brokers and institutional platforms, the practical consequence is a larger combined source of public- and private-credit information. It does not mean every Octus dataset will immediately appear in existing LSEG terminals or feeds. Product packaging, entitlements and migration arrangements remain separate commercial decisions.[1]

The purchase is from funds advised by Permira and Octus management. It remains subject to regulatory approval and closing conditions, with external debt funding the cash consideration.[1]

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