LSEG To Acquire Octus for $3.5 billion

By Reuters News

Oct 22 (Reuters) - London Stock Exchange Group PLC LSEG.L:

  • LONDON STOCK EXCHANGE LONDONSTOCKEXGROUP - LSEG TO ACQUIRE OCTUS

  • LSEG - PROPOSED DEAL FOR A CASH CONSIDERATION OF $3.535 BILLION

  • LSEG: TRANSACTION WILL UNLOCK ATTRACTIVE SYNERGIES, BOTH IMMEDIATE AND LONGER TERM

  • LSEG: AGREED TO ACQUIRE OCTUS FROM FUNDS ADVISED BY PERMIRA, AND OCTUS' MANAGEMENT, INCLUDING ITS FOUNDER, KENT COLLIER

  • LSEG: TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO LSEG'S DATA & ANALYTICS ORGANIC REVENUE GROWTH

  • LSEG: TRANSACTION IS EXPECTED TO BE ADDITIVE TO LSEG'S GUIDANCE FOR GROUP ORGANIC SUBSCRIPTION REVENUE GROWTH OF AROUND 7% IN 2027

  • LSEG: NO CHANGE TO LSEG'S MEDIUM-TERM GUIDANCE FOR UNDERLYING EBITDA MARGIN

  • LSEG: TRANSACTION WILL BE NEUTRAL TO ADJUSTED EPS IN FIRST FULL YEAR AFTER COMPLETION

  • LSEG: ACQUISITION WILL BE FINANCED BY EXTERNAL DEBT

  • LSEG: EXPECT LEVERAGE AT END OF 2027 TO BE AROUND UPPER END OF TARGET RANGE OF 1.5-2.5X

  • LSEG: EXPECT LEVERAGE RETURNING TO MIDDLE OF RANGE BY END OF 2028

  • LSEG: KENT COLLIER, FOUNDER AND CEO OF OCTUS CONTINUING TO RUN OCTUS BUSINESSES UPON COMPLETION

Source text: [ID:]

Further company coverage: LSEG.L

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.