S&P Global announced an agreement with a group led by majority investor Motive Partners, a private investment firm exclusively focused on financial technology, to acquire With Intelligence, a leading source of private markets data, insights and analytics, for $1.8B. The acquisition considerably expands S&P Global’s data coverage and capabilities across private markets – and enhances its value proposition for General Partners, Limited Partners (LPs), Intermediaries and Advisors. The transaction is expected to close in 2025, or early 2026, subject to customary closing conditions, including receipt of certain regulatory approvals. The acquisition is expected to be slightly dilutive to S&P Global’s GAAP diluted EPS and accretive to adjusted diluted EPS in 2027. Adjusted diluted EPS excludes the impact of amortization of acquired intangibles and deal-related costs.
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