 |
S&P Global is using Joele Frank to field inquiries surrounding its $44B deal to merge with London’s IHS Markit to create financial data and information giant to compete with market leader, Bloomberg.
Shareholders of S&P will control 68 percent of the enlarged enterprise. S&P CEO Douglas Peterson will helm the combined company. IHS Markit chief Lance Uggia will become a special advisor for a year following the closing of the deal during the second half of next year.
The addition of IHS Markit will enable S&P “to better serve our markets and customers by creating new value and insights,” said Peterson.
The combined company, which will generate annual revenues of more than $11.5B, will be based in New York.
Joele Frank, Wilkinson Brimmer Katcher has Ed Trissel and Tim Ragones representing S&P Global.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
