S&P Global to buy With Intelligence for $1.8B

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S&P Global (NYSE:SPGI [https://seekingalpha.com/symbol/SPGI]) has entered into an agreement with a group led by majority investor private investment firm Motive Partners to acquire With Intelligence for $1.8 billion.

The transaction is expected to close in 2025, or early 2026, subject to customary closing conditions, including receipt of certain regulatory approvals. The deal is expected to be slightly dilutive to S&P Global's GAAP diluted EPS and accretive to adjusted diluted EPS in 2027.

Founded by Charlie Kerr in 1998, With Intelligence provides data and insights for alternative asset classes with a network across investors and managers. The business is expected to generate ~$130 million in revenue and annual contract value growth in the high teens in 2025.

Following its 2023 investment from Motive Partners, as well as the reinvestment of management and ICG (who have been a significant minority investor since 2020), With Intelligence evolved as a provider of critical, differentiated data and analytics in alternatives and private markets serving ~3,000 customers globally

The acquisition considerably expands S&P Global's (NYSE:SPGI [https://seekingalpha.com/symbol/SPGI]) data coverage and capabilities across private markets — and enhances its value proposition for General Partners (GPs), Limited Partners (LPs), Intermediaries and Advisors, the company said.

Source: Press Release [https://seekingalpha.com/pr/20266594-s-and-p-global-agrees-to-acquire-with-intelligence-from-motive-partners-for-1_8-billion]

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