Private equity firm Permira has sold its credit specialist, Octus, to the London Stock Exchange Group (LSEG) for $3.54 billion. This transaction represents Permira's sixth exit this year to a corporate buyer.
Octus, which provides credit risk management and data services, has been a portfolio company of Permira since 2017. The acquisition by LSEG is expected to enhance LSEG's data and analytics capabilities, particularly within its capital markets division. The deal is subject to customary closing conditions and regulatory approvals.