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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.
FGS Global represents Copart as the online vehicle auction company acquires auto marketplace and data services business ACV, a Joele Frank client, in a deal valued at $1.9B.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
