The London Stock Exchange has agreed a $27 billion deal to buy data provider Refinitiv, just a year after the company was spun out of Thomson Reuters by Blackstone.
| | | | The London Stock Exchange has agreed a $27 billion deal to buy data provider Refinitiv, just a year after the company was spun out of Thomson Reuters by Blackstone.
Here's what you need to know about the deal: LSE CEO David Schwimmer, who joined the stock exchange group less than a year ago from Goldman Sachs, is driving the industry changing deal. Dakin Campbell talked to Schwimmer's former colleagues and clients, who told him why Schwimmer is ideally placed to do the deal. It involves some of the biggest names in M&A, with Goldman Sachs, Morgan Stanley, and Evercore in on the deal. And many of the bankers involved are part of the clubby world of stock exchange M&A. Here's what you need to know about the advisory bankers working on the deal. Industry watchers are speculating about which data company might be bought next, as exchanges look to quench clients' seemingly endless thirst for financial data while also generating new streams of revenue for themselves. The verdict, according to consultants and executives: FactSet.
|
|
| | |
|
| |
