NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
This Announcement contains inside information within the meaning of Article 7(1) of the assimilated Regulation No. 596/2014 as it forms part of the law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented.
Response to Press Speculation
Following recent press speculation, London Stock Exchange Group plc (“LSEG”, “Group” or the “Company”) confirms that it is in discussions with Permira regarding the purchase of Octus for a consideration of approximately $3.5 billion. No final agreement has been reached and no transaction is guaranteed.
Octus is a leading credit intelligence, data and workflow provider for buy-side firms, investment banks, law firms and advisory firms. Octus’ proprietary data covers the full credit lifecycle, with a leading position in illiquid and private credit – a high growth segment of the market. Octus has a strong track record of double-digit revenue growth based on a high-retention subscription model. Octus’ coverage and solutions are highly complementary to LSEG’s existing fixed income data & analytics and private markets solutions.
The potential acquisition of Octus would be immediately accretive to LSEG’s Data & Analytics and Group revenue growth.
Any transaction would be subject to regulatory approval. Further information will be provided as appropriate.
Contacts
Media:
Lucie Holloway / Rhiannon Davies – External Communications
+44 (0)20 7797 1222
newsroom@lseg.com
Investors:
Peregrine Riviere / Chris Turner – Investor Relations
ir@lseg.com
The person responsible for this announcement on behalf of LSEG is Lisa Condron, the Company Secretary of LSEG.
About LSEG
LSEG creates opportunity across the global economy. We unlock the power of markets for customers all over the world.
Through our open ecosystem of markets infrastructure and data solutions, we partner with our customers at every stage of trading – to make accessing and deploying capital simpler, faster and more effective.
Our insights bring clarity to complexity, and our critical services ensure resilience and stability. We enable our customers to act with confidence and conviction, with trust and integrity at the heart of everything we do.
Backed by more than three centuries of experience, we are at the forefront of change and market innovation. Our exceptional people collaborate across borders and disciplines, delivering excellence and putting our customers first. We reimagine the way our industry works and operates – and with our deep expertise, global scale and trusted partnerships, we turn ideas into reality.
From scaling new technologies to shaping new markets, LSEG is driving the transformation of global finance. We move the financial system forward every day – to make more possible for our customers.
LSEG. Make more possible.
Forward-looking statements
This announcement may contain statements which are, or may be deemed to be, “forward-looking statements”. Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections about future events and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as "plans", "expects" or "does not expect", "is expected", "is subject to", "budget", "scheduled", "estimates", "forecasts", “seeks”, “aims”, “predicts”, "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved.
Although LSEG believes that the expectations reflected in such forward-looking statements are reasonable, LSEG can give no assurance that such expectations will prove to be correct. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements. These factors include future market conditions, the behaviour of other market participants, the actions of regulators and other factors such as changes in the political, social and regulatory framework, or in economic or technological trends or conditions.
None of LSEG or any of its associates or directors, officers or advisers provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this announcement will actually occur. You are cautioned not to place undue reliance on these forward-looking statements. Other than in accordance with their legal or regulatory obligations (including under the Listing Rules and the Disclosure Guidance and Transparency Rules of the FCA), LSEG is under no obligation, and LSEG expressly disclaims any intention or obligation, to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Transmission of this announcement
Neither this announcement, nor any copy of it may be taken or transmitted directly or indirectly into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. Any failure to comply with this restriction may constitute a violation of such laws or regulations. Persons into whose possession this announcement or other information referred to therein comes, should inform themselves about, and observe, any restrictions in such laws or regulations.
