LSEG agrees to buy Octus from Permira for $3.5bn and raises 2026 forecasts
London Stock Exchange Group will acquire credit data firm Octus for $3.5bn and nudged up its full-year outlook alongside third-quarter results.
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what happened
LSEG has agreed to purchase Octus from Permira for $3.5 billion, according to TradingView. Octus, founded in 2013 by Kent Collier, supplies credit intelligence, data and analytics for private, illiquid and distressed credit markets. It is based in New York, employs more than 900 people and serves 750 customers and over 40,000 individual users.
The company expects Octus to bring in more than $300m of revenue in 2026, with strong double-digit growth and an adjusted EBITDA margin of roughly 40%. Chief executive David Schwimmer said the deal would let LSEG deliver top-tier credit data to a wider client base.
The announcement came with a third-quarter trading update. Gross profit rose 9.5% to £2.2bn, led by the markets division. LSEG now sees full-year revenue growth of at least 8%, versus a prior target of 7% to 7.5%, and equity free cash flow of at least £2.8bn, compared with £2.7bn before. Shares were up 2.2% at 8,982p in London by 08:13 BST.
why it matters
The raised outlook points to steady demand for LSEG's subscription products and markets business, while the Octus purchase widens its reach in credit and private-markets data. For investors in exchange and data companies, the update signals continued growth momentum. The early share reaction suggests the market took the news positively.
market impact
LSEG shares: higher guidance and the Octus deal support growth expectations for the data business
tags
instruments
sources
- LSEG to buy Octus from Permira for $3.5bn, lifts full-year guidance — TradingView, 22 October 2026 at 07:14 UTC
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