Today, LSEG announced it has agreed to acquire New York City-based Octus, a leading provider of credit intelligence, data, and workflows, for $3.535 billion in cash.
According to LSEG’s statement on Thursday, the acquisition of Octus will “transform LSEG’s presence in credit and private market data, creating a leading proposition in these high-growth areas.”
David Schwimmer, CEO, LSEG, told investors: “Combining Octus’ leading proprietary data and intelligence with LSEG’s data and analytics business creates a powerful offering for our customers, and further accelerates our growth. Acquiring Octus enables LSEG to deliver best-in-class credit data, intelligence and workflows, across the liquidity spectrum, to a broader range of customers. LSEG’s existing data and analytics capabilities, alongside the acquisition of Trumid announced by Tradeweb and now the acquisition of Octus, position LSEG as a global leader in fixed income to partner with our customers throughout the trade lifecycle. I look forward to partnering with Kent and the team at Octus to continue to drive future growth.”
Kent Collier, CEO, Octus, said: “I’m excited by the prospect and opportunity of Octus becoming part of LSEG. Octus’ customer-first mindset and drive to deliver the absolute best products to our clients is a natural cultural fit with LSEG. Joining LSEG will pair our data, intelligence and workflows with global distribution and fixed income depth: a combination that provides tremendous opportunity for further growth and expansion.”
Founded in 2013 by Kent Collier, Octus is a leading provider of credit solutions across intelligence, data and analytics, serving customers across private, illiquid and distressed credit. Headquartered in New York City and with a global footprint, it has over 900 employees, 750 customers and more than 40,000 individual users including buy-side firms, investment banks, law firms and advisory firms.
In 2026, Octus is expected to generate over $300 million in revenue, with strong double-digit growth and an adjusted EBITDA margin of around 40%. It has achieved double-digit revenue growth since 2022.
LSEG shares jumped 2% following the announcement.
By CEO NA Editorial Staff
