Blackstone/CPPIB/GIC $20 billion acquisition of 55% stake in Thomson Reuters financial and risk unit

Overview:

• An investment group led by Blackstone has agreed to acquire a 55% stake in Thomson Reuters' financial and risk unit for $20 billion.
• Canada Pension Plan Investment Board (CPPIB) and GIC are the other key investors.
• The business provides data, analytics and trading info to the financial sector.
• The deal will also see the company sign a 30-year agreement with Reuters News for its content.
• According to Bloomberg Bank of America, Citigroup and JPMorgan Chase will provide debt financing.
• Guggenheim Securities, TD Securities and Centerview Partners are advising Thomson Reuters.

Sam Duke