{
  "title": "LSEG to Acquire Octus for $3.5 Billion: Building a Credit Leader from Public to Private Markets",
  "publisher": "Acquiry Deal Intelligence",
  "author": "Joash Boyton",
  "url": "https://www.acquiry.com/deal-intelligence/lseg-to-acquire-octus-for-3-5-billion/",
  "published": "2026-10-23T06:00:00Z",
  "updated": "2026-10-23T06:00:00Z",
  "licence": "Free to reference with attribution to Acquiry Deal Intelligence and a link to the source URL.",
  "rows": [
    {
      "dataset": "key-figures",
      "id": "stat-price",
      "label": "Cash consideration",
      "value": "$3.535bn",
      "provenance": "disclosed",
      "note": "Stated by LSEG on 22 October 2026.",
      "sources": "https://octus.com/news/lseg-to-acquire-octus-creating-market-leader-across-public-and-private-credit-solutions/ | https://octus.com/company/news/octus-signs-definitive-agreement-to-acquire-levpro/ | https://octus.com/company/news/octus-mcp-connector/",
      "permalink": "https://www.acquiry.com/deal-intelligence/lseg-to-acquire-octus-for-3-5-billion/#stat-price"
    },
    {
      "dataset": "key-figures",
      "id": "stat-revenue",
      "label": "Octus expected 2026 revenue",
      "value": ">$300M",
      "provenance": "disclosed",
      "note": "With strong double-digit growth, per LSEG.",
      "sources": "https://octus.com/news/lseg-to-acquire-octus-creating-market-leader-across-public-and-private-credit-solutions/ | https://octus.com/company/news/octus-signs-definitive-agreement-to-acquire-levpro/ | https://octus.com/company/news/octus-mcp-connector/",
      "permalink": "https://www.acquiry.com/deal-intelligence/lseg-to-acquire-octus-for-3-5-billion/#stat-revenue"
    },
    {
      "dataset": "key-figures",
      "id": "stat-multiple",
      "label": "Price to expected 2026 revenue",
      "value": "Under 11.8x",
      "provenance": "calculated",
      "note": "$3.535 billion divided by $300 million. A ceiling, since revenue is stated as over $300 million.",
      "sources": "https://octus.com/news/lseg-to-acquire-octus-creating-market-leader-across-public-and-private-credit-solutions/ | https://octus.com/company/news/octus-signs-definitive-agreement-to-acquire-levpro/ | https://octus.com/company/news/octus-mcp-connector/",
      "permalink": "https://www.acquiry.com/deal-intelligence/lseg-to-acquire-octus-for-3-5-billion/#stat-multiple"
    },
    {
      "dataset": "key-figures",
      "id": "stat-users",
      "label": "Individual Octus users",
      "value": "40,000+",
      "provenance": "disclosed",
      "note": "Across 750 customers, per LSEG.",
      "sources": "https://octus.com/news/lseg-to-acquire-octus-creating-market-leader-across-public-and-private-credit-solutions/ | https://octus.com/company/news/octus-signs-definitive-agreement-to-acquire-levpro/ | https://octus.com/company/news/octus-mcp-connector/",
      "permalink": "https://www.acquiry.com/deal-intelligence/lseg-to-acquire-octus-for-3-5-billion/#stat-users"
    },
    {
      "dataset": "key-figures",
      "id": "stat-segment",
      "label": "Private markets data and workflow served segment",
      "value": "$7-9bn",
      "provenance": "disclosed",
      "note": "Expected by LSEG to grow at a double-digit rate.",
      "sources": "https://octus.com/news/lseg-to-acquire-octus-creating-market-leader-across-public-and-private-credit-solutions/ | https://octus.com/company/news/octus-signs-definitive-agreement-to-acquire-levpro/ | https://octus.com/company/news/octus-mcp-connector/",
      "permalink": "https://www.acquiry.com/deal-intelligence/lseg-to-acquire-octus-for-3-5-billion/#stat-segment"
    },
    {
      "dataset": "key-figures",
      "id": "stat-findox",
      "label": "Private documents in FinDox",
      "value": "8M+",
      "provenance": "disclosed",
      "note": "From deal data rooms, per Octus on 14 July 2026.",
      "sources": "https://octus.com/news/lseg-to-acquire-octus-creating-market-leader-across-public-and-private-credit-solutions/ | https://octus.com/company/news/octus-signs-definitive-agreement-to-acquire-levpro/ | https://octus.com/company/news/octus-mcp-connector/",
      "permalink": "https://www.acquiry.com/deal-intelligence/lseg-to-acquire-octus-for-3-5-billion/#stat-findox"
    },
    {
      "dataset": "key-facts",
      "id": "fact-1",
      "label": "Status",
      "value": "Agreed, announced 22 October 2026",
      "provenance": "disclosed",
      "note": "Expected to close in the first half of 2027, subject to regulatory approval.",
      "sources": "https://octus.com/news/lseg-to-acquire-octus-creating-market-leader-across-public-and-private-credit-solutions/ | https://octus.com/company/news/octus-signs-definitive-agreement-to-acquire-levpro/ | https://octus.com/company/news/octus-mcp-connector/",
      "permalink": "https://www.acquiry.com/deal-intelligence/lseg-to-acquire-octus-for-3-5-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-2",
      "label": "Consideration",
      "value": "$3.535 billion in cash",
      "provenance": "disclosed",
      "note": "Paid to funds advised by Permira and Octus management, including founder Kent Collier.",
      "sources": "https://octus.com/news/lseg-to-acquire-octus-creating-market-leader-across-public-and-private-credit-solutions/ | https://octus.com/company/news/octus-signs-definitive-agreement-to-acquire-levpro/ | https://octus.com/company/news/octus-mcp-connector/",
      "permalink": "https://www.acquiry.com/deal-intelligence/lseg-to-acquire-octus-for-3-5-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-3",
      "label": "Financing",
      "value": "External debt",
      "provenance": "disclosed",
      "note": "Leverage expected around the upper end of 1.5-2.5x at end-2027.",
      "sources": "https://octus.com/news/lseg-to-acquire-octus-creating-market-leader-across-public-and-private-credit-solutions/ | https://octus.com/company/news/octus-signs-definitive-agreement-to-acquire-levpro/ | https://octus.com/company/news/octus-mcp-connector/",
      "permalink": "https://www.acquiry.com/deal-intelligence/lseg-to-acquire-octus-for-3-5-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-4",
      "label": "Octus scale",
      "value": "900+ employees, 750 customers",
      "provenance": "disclosed",
      "note": "More than 40,000 individual users across buy-side firms, banks, law firms and advisers.",
      "sources": "https://octus.com/news/lseg-to-acquire-octus-creating-market-leader-across-public-and-private-credit-solutions/ | https://octus.com/company/news/octus-signs-definitive-agreement-to-acquire-levpro/ | https://octus.com/company/news/octus-mcp-connector/",
      "permalink": "https://www.acquiry.com/deal-intelligence/lseg-to-acquire-octus-for-3-5-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-5",
      "label": "Octus financials",
      "value": ">$300M revenue, ≈40% margin",
      "provenance": "disclosed",
      "note": "Expected for 2026; double-digit compound revenue growth since 2022.",
      "sources": "https://octus.com/news/lseg-to-acquire-octus-creating-market-leader-across-public-and-private-credit-solutions/ | https://octus.com/company/news/octus-signs-definitive-agreement-to-acquire-levpro/ | https://octus.com/company/news/octus-mcp-connector/",
      "permalink": "https://www.acquiry.com/deal-intelligence/lseg-to-acquire-octus-for-3-5-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-6",
      "label": "Home in LSEG",
      "value": "Data & Analytics division",
      "provenance": "disclosed",
      "note": "Kent Collier continues to run Octus, reporting to the division’s co-heads.",
      "sources": "https://octus.com/news/lseg-to-acquire-octus-creating-market-leader-across-public-and-private-credit-solutions/ | https://octus.com/company/news/octus-signs-definitive-agreement-to-acquire-levpro/ | https://octus.com/company/news/octus-mcp-connector/",
      "permalink": "https://www.acquiry.com/deal-intelligence/lseg-to-acquire-octus-for-3-5-billion/"
    }
  ],
  "sources": [
    {
      "id": "s1",
      "title": "LSEG to acquire Octus, creating market leader across public and private credit solutions",
      "href": "https://octus.com/news/lseg-to-acquire-octus-creating-market-leader-across-public-and-private-credit-solutions/",
      "publisher": "LSEG / Octus",
      "date": "22 October 2026",
      "isoDate": "2026-10-22",
      "kind": "Press release"
    },
    {
      "id": "s2",
      "title": "Octus Signs Definitive Agreement to Acquire LevPro",
      "href": "https://octus.com/company/news/octus-signs-definitive-agreement-to-acquire-levpro/",
      "publisher": "Octus",
      "date": "8 June 2026",
      "isoDate": "2026-06-08",
      "kind": "Press release"
    },
    {
      "id": "s3",
      "title": "The Octus MCP Connector puts credit intelligence and data directly inside Claude, ChatGPT and other LLMs",
      "href": "https://octus.com/company/news/octus-mcp-connector/",
      "publisher": "Octus",
      "date": "14 July 2026",
      "isoDate": "2026-07-14",
      "kind": "Press release"
    },
    {
      "id": "s4",
      "title": "Octus Unveils a Unified CreditAI Experience",
      "href": "https://octus.com/company/news/octus-unveils-a-unified-creditai-experience/",
      "publisher": "Octus",
      "date": "10 March 2026",
      "isoDate": "2026-03-10",
      "kind": "Press release"
    }
  ]
}