Blackstone acquires majority stake in Thomas Reuters Financial & Risk Business

By Pouyan Broukhim

New York-headquartered Blackstone has announced that it has entered into a definitive agreement with Thomas Reuters, acquiring a 55% stake in the company’s Financial & Risk (F&R) business.

Thomas Reuters F&R is a leading financial statistics firm, providing data, analytics and trading information to Wall street and financial professionals globally.

See also:

The deal consists of a consortium, led by Blackstone, with both the Canadian Pension Plan Investment Board (CPPIB) and GIC having entered into the agreement with Thomas Reuters.

“The F&R division has tremendous assets, including a world-leading data business, essential risk and compliance solutions, OTC trading venues, wealth management software, and a strong desktop business,” said Martin Brand, a Senior Managing Director at Blackstone.

“The partnership with Blackstone provides an opportunity to increase efficiency and accelerate revenue growth through innovation and focus on creating uniquely compelling products for F&R’s customers.”

The deal, valued at $17bn, is Blackstone’s biggest financial investment in approximately a decade, marking a significant move into the financial analysis industry.

Thomas Reuters will retain the remaining 45% stake in business, receiving $3bn in cash and $14bn of debt and preferred equity, with the transaction expected to close in the H2 2018.


Featured Articles

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital