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.