NEW
YORK, Aug. 15, 2024 /PRNewswire/ -- S&P
Global (NYSE: SPGI) today announced that it has completed the sale
of its Fincentric business to Stellex Capital Management, a global
private equity firm. The transaction does not have material impact
to S&P Global and the financial terms of the transaction were
not disclosed.
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
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SOURCE S&P Global