S&P Global has agreed to acquire private markets data provider With Intelligence for $1.8bn, in a move to boost its alternative-assets offering, according to a report by Reuters. The transaction is expected to close in 2025 or early 2026, and S&P anticipates the deal will be accretive to its adjusted profit per share by 2027.
With Intelligence, founded in 1998, serves around 3,000 global clients and is projected to generate $130m in 2025 revenue, with annual contract value growth in the high teens.
Citi is advising S&P Global on the deal, while Centerview Partners is representing With Intelligence.
