Blackstone-led group completes majority stake in Refinitiv

▤ Summary

Canson Capital Partners, BofA Merrill Lynch, Citigroup and J.P. Morgan are providing financial advice to the Blackstone-led consortium, with Simpson Thacher & Bartlett LLP serving as legal counsel.New York, October 1, 2018 – A consortium led by Blackstone (NYSE: BX) today announced that private equity funds managed by Blackstone (“Blackstone”) – together with Canada Pension Plan Investment Board (“CPPIB”) and GIC – have completed the previously announced partnership transaction with Thomson Reuters (TSX / NYSE: TRI) for Thomson Reuters’ Financial & Risk (F&R) business.Eli Nagler, a Managing Director at Blackstone, added: “We are excited to complete this transaction and look forward to supporting Refinitiv’s growth and continued technology advancements in the years ahead.”This includes further investing in content coverage, AI and analytics across its open data platforms Elektron and Eikon for buy-side, trading, wealth and banking customers.“We firmly believe that efficient, transparent and trusted markets are good for all and that Refinitiv’s role is at the heart of this, providing access to clean and consistent data on a global scale.

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Refinitiv

$1B+