#United States #New York #SP Global #Motive Partners #With Intelligence

S&P Global Expands Its Intelligence Reach Through Strategic Acquisition

In an ambitious move to enhance its presence in private markets intelligence, S&P Global has announced its acquisition of With Intelligence from Motive Partners for a staggering $1.8 billion. This strategic acquisition aims to unlock new market opportunities and solidify S&P Global's status as a leading provider of data and analytics tailored for the private investment sector.

With Intelligence, founded by Charlie Kerr in 1998, is recognized for its proprietary data and insights spanning the entire alternatives investment lifecycle. The company currently services approximately 3,000 customers, including Limited Partners (LPs), General Partners (GPs), and various advisors operating in sectors such as private equity, private credit, real estate, and hedge funds. With its unparalleled expertise and reputation, With Intelligence significantly bolsters S&P Global's offerings, particularly as the demand for alternative investments is predicted to approach $40 trillion by the decade's end.

Enhancing Data Coverage and Capabilities

The integration of With Intelligence's sophisticated data and benchmarks with S&P Global's trusted analytics and workflow solutions promises to cultivate one of the most comprehensive data offerings in the private market space. As private markets become increasingly complex, the demand for innovative and differentiated data will only intensify, making this acquisition pivotal.

S&P Global's President and CEO, Martina Cheung, highlighted the importance of the acquisition, stating that it allows the company to leverage With Intelligence's unique capabilities while maintaining the rigorous data quality that has defined S&P Global’s longstanding reputation. The expectation is that With Intelligence will generate an additional $130 million in revenue in 2025, signaling robust organic growth moving forward.

Strengthening Industry Relationships

With Intelligence boasts extensive coverage across various sectors, including approximately 30,000 investors and managers and 350,000 monitored deals. Such a breadth of data provides deeper insights and connectivity that will ultimately empower investment professionals to make informed decisions. This acquisition will strengthen the relationship between SP Global and industry stakeholders, enriching their overall engagement in private markets.

As SP Global expands its scope into private equity, private credit, and beyond, the integration of With Intelligence will provide critical insights and benchmarking capabilities that previously existed as separate entities. With the impending closure of this transaction, SP Global aims to fortify its strategic advantage by delivering enhanced transparency and analysis tools.

The Path Ahead

Looking into the future, the transaction will officially close in 2025 or early 2026, pending regulatory approvals. Initial estimates predict a slight dilution to S&P Global's GAAP diluted EPS, but an overall accretive effect on adjusted diluted EPS by 2027. The addition of With Intelligence not only aligns with S&P Global's objectives but also serves as a testament to the robust potential for growth within the private markets segment.

Motive Partners, serving as the major investor in With Intelligence, has successfully navigated the complexities of the financial technology space, bringing invaluable experience to the table during the acquisition discussions. Their expertise will play a crucial role in ensuring that With Intelligence flourishes within the S&P Global ecosystem.

As SP Global continues to innovate and adapt to the changing financial landscape, the integration of With Intelligence exemplifies how strategic partnerships can dramatically shape data analytics and intelligence in the world of private investing.

This merger creates a powerful alliance, ensuring that SP Global remains a leader in delivering clarity and confidence to its customer base, a response to the ever-evolving nature of global finance.