S&P Global Completes Sale of Fincentric
S&P Global (NYSE: SPGI) has completed the sale of its Fincentric business to Stellex Capital Management, a global private equity firm. The transaction, which does not have a material impact on S&P Global, follows the company's announced intent in February 2024 to explore strategic options for the business. Fincentric, formerly known as Markit Digital, became part of S&P Global following the merger with IHS Markit in 2022.
While financial terms were not disclosed, the transaction will include local closings in certain jurisdictions, expected to occur during the remainder of 2024 and into the first half of 2025. Jefferies acted as financial advisor and Davis Polk as legal advisor for S&P Global in this transaction.
S&P Global (NYSE: SPGI) ha completato la cessione della sua unità Fincentric a Stellex Capital Management, una società di private equity globale. La transazione, che non avrà un impatto materiale su S&P Global, segue l'intento annunciato dalla società nel febbraio 2024 di esplorare opzioni strategiche per l'azienda. Fincentric, precedentemente conosciuta come Markit Digital, è diventata parte di S&P Global a seguito della fusione con IHS Markit nel 2022.
Sebbene i termini finanziari non siano stati resi noti, la transazione includerà chiusure locali in alcune giurisdizioni, previste per il resto del 2024 e nella prima metà del 2025. Jefferies ha agito come consulente finanziario e Davis Polk come consulente legale per S&P Global in questa operazione.
S&P Global (NYSE: SPGI) ha completado la venta de su negocio Fincentric a Stellex Capital Management, una firma de capital privado global. La transacción, que no tendrá un impacto material en S&P Global, sigue la intención anunciada por la empresa en febrero de 2024 de explorar opciones estratégicas para el negocio. Fincentric, anteriormente conocido como Markit Digital, se convirtió en parte de S&P Global tras la fusión con IHS Markit en 2022.
Si bien los términos financieros no fueron divulgados, la transacción incluirá cierres locales en ciertas jurisdicciones, que se espera ocurran durante el resto de 2024 y en la primera mitad de 2025. Jefferies actuó como asesor financiero y Davis Polk como asesor legal para S&P Global en esta transacción.
S&P 글로벌 (NYSE: SPGI)가 핀센트릭 사업을 글로벌 사모펀드인 스텔렉스 캐피탈 매니지먼트에 매각하는 절차를 완료했습니다. 이 거래는 S&P 글로벌에 실질적인 영향을 미치지 않으며, 2024년 2월 회사가 사업에 대한 전략적 옵션을 탐색하겠다고 발표한 데 따른 것입니다. 핀센트릭는 이전에 마킷 디지털로 알려졌으며, 2022년 IHS 마킷과의 합병을 통해 S&P 글로벌의 일부가 되었습니다.
재무 조건은 공개되지 않았으나, 이번 거래는 특정 관할권에서 지역적인 마감이 포함될 것이며, 이는 2024년 남은 기간과 2025년 상반기 동안 이루어질 것으로 예상됩니다. 제퍼리스는 S&P 글로벌의 재무 자문 역할을 했고 데이비스 폴크는 법률 자문 역할을 했습니다.
S&P Global (NYSE: SPGI) a achevé la vente de son activité Fincentric à Stellex Capital Management, une société mondiale de capital-investissement. La transaction, qui n'a pas d'impact matériel sur S&P Global, intervient à la suite de l'intention annoncée par l'entreprise en février 2024 d'explorer des options stratégiques pour cette activité. Fincentric, anciennement connu sous le nom de Markit Digital, est devenu une partie de S&P Global suite à la fusion avec IHS Markit en 2022.
Bien que les conditions financières n'aient pas été divulguées, la transaction comprendra des clôtures locales dans certaines juridictions, prévues pour le reste de 2024 et la première moitié de 2025. Jefferies a agi en tant que conseiller financier et Davis Polk en tant que conseiller juridique pour S&P Global dans le cadre de cette transaction.
S&P Global (NYSE: SPGI) hat den Verkauf seines Fincentric-Geschäfts an Stellex Capital Management, eine globale Private-Equity-Firma, abgeschlossen. Die Transaktion, die keinen wesentlichen Einfluss auf S&P Global hat, folgt auf die im Februar 2024 angekündigte Absicht des Unternehmens, strategische Optionen für das Geschäft zu prüfen. Fincentric, früher als Markit Digital bekannt, wurde nach der Fusion mit IHS Markit im Jahr 2022 Teil von S&P Global.
Obwohl die finanziellen Bedingungen nicht bekannt gegeben wurden, wird die Transaktion lokale Abschlüsse in bestimmten Jurisdiktionen umfassen, die voraussichtlich im Rest des Jahres 2024 und in der ersten Hälfte des Jahres 2025 erfolgen werden. Jefferies fungierte als Finanzberater und Davis Polk als Rechtsberater für S&P Global bei dieser Transaktion.
- Successful completion of Fincentric sale, aligning with strategic objectives
- Transaction does not have material impact on S&P Global, suggesting minimal financial risk
- None.
The transaction will include local closings in certain jurisdictions, which are expected to occur during the balance of 2024 and into the first half of 2025.
Fincentric, formerly known as Markit Digital, became part of S&P Global following the company's merger with IHS Markit in 2022. The transaction follows the announced intent in February 2024 to explore strategic options for the business.
Jefferies LLC acted as financial advisor and Davis Polk acted as its legal advisor for S&P Global for the transaction.
About S&P Global
S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through sustainability and energy transition across supply chains, we unlock new opportunities, solve challenges, and accelerate progress for the world.
We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today. For more information, visit www.spglobal.com.
Investor Relations:
Mark Grant
Tel: +1 347 640 1521
Mark.Grant@spglobal.com
Media Contacts:
Christina Twomey
S&P Global
+1 (410) 382-3316
christina.twomey@spglobal.com
Farhan Husain
S&P Global Market Intelligence
+1 347 213 0065
farhan.husain@spglobal.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/sp-global-completes-sale-of-fincentric-302223764.html
SOURCE S&P Global
FAQ
What business did S&P Global (SPGI) sell in August 2024?
When did S&P Global (SPGI) announce its intent to explore strategic options for Fincentric?
How did S&P Global (SPGI) acquire the Fincentric business?
When are the local closings for the Fincentric sale expected to be completed for S&P Global (SPGI)?
