S&P Global has completed the sale of its Fincentric business to Stellex Capital Management, a global private equity firm. The transaction does not have material impact to S&P Global and the financial terms of the transaction were not disclosed.
The transaction will include local closings in certain jurisdictions, which are expected to occur during the balance of 2024 and into the first half of 2025.
Fincentric, formerly known as Markit Digital, became part of S&P Global following the company’s merger with IHS Markit in 2022. The transaction follows the announced intent in February 2024 to explore strategic options for the business.
Jefferies LLC acted as financial advisor and Davis Polk acted as its legal advisor for S&P Global for the transaction.
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