Blackstone acquired Thomson Reuters Financial & Risk (Refinitiv) for US$20 billion enterprise valuation; Blackstone-led consortium acquired 55% of the equity (Thomson Reuters retained 45%), a transaction completed in October 2018, structured as Consortium (Blackstone with CPPIB and GIC); cash and equity, with related debt financing.
Thomson Reuters Financial & Risk (Refinitiv) operates in Financial markets data & infrastructure, is based in Global (serving ~40,000 institutions across 190+ countries).
Carving Financial & Risk out of Thomson Reuters as a stand-alone, majority-controlled company (Refinitiv) gave Blackstone a world-leading data, analytics and trading-infrastructure platform with room to accelerate growth through innovation and focus; Reuters News stayed with Thomson Reuters under a 30-year distribution contract.
We are delighted to partner with Thomson Reuters in continuing to grow the Financial and Risk business. This is a landmark transaction for Blackstone and our investment partners.Joe Baratta, Global Head of Private Equity, Blackstone
Advisory firms were not disclosed for this transaction.