Reported 16 days ago
S&P Global has announced its $1.8 billion acquisition of private markets data provider With Intelligence as part of its strategy to expand offerings in the growing financial services sector. The demand for insights into private asset pricing has surged due to the current investment landscape, prompting major players like BlackRock to invest significantly in similar areas. With Intelligence, founded in 1998, serves approximately 3,000 clients globally and is expected to generate around $130 million in revenue by 2025. The acquisition is projected to positively impact S&P Global's earnings by 2027.
Source: YAHOO