London Stock Exchange Group (LSEG) has agreed to acquire the provider of credit intelligence, data and workflows, Octus, for just over $3.5bn.

The deal is set to transform LSEG’s presence in credit and private market data, creating a "leading proposition in these high-growth areas".

Customers are set to benefit from integrated solutions and intelligence from across public and private credit as a result of the combination, enabling them to source deals, assess risk and manage their portfolios through LSEG’s platform.

Octus, headquartered in New York, was founded in 2013 and in 2026, is expected to generate over $300m in revenue, with double-digit growth and an adjusted eanring margin of around 40%.

LSEG stated that the US firm’s product set and customer coverage are “highly complementary” to its existing fixed income products, and the deal will significantly expand its offering.

Upon completion, Octus will form part of LSEG’s data and analytics division, with founder and CEO, Kent Collier, continuing to run the business.

The transaction is expected to be immediately accretive to LSEG’s data and analytics organic revenue growth, and additive to LSEG’s guidance for group organic subscription revenue growth of around 7% in 2027.

The transaction is set to complete in H1 2027, and shares in LSEG increased by over 7% following the announcement.

CEO at LSEG, David Schwimmer, stated: "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.”

Collier concluded: "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."

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