LSEG to buy credit-data provider Octus for $3.5B in cash

London Stock Exchange Group agreed to acquire Octus, a provider of credit intelligence, data and workflows, for $3.535 billion in cash. The sellers are funds advised by Permira and Octus management, including founder Kent Collier.

Why it matters: LSEG says the deal will transform its presence in credit and private-market data, creating a leading offering in fast-growing areas.