S&P Global strengthens its private company

NEW YORK, August 29, 2022

NEW YORK, August 29, 2022 /PRNewswire/ — S&P Global (NYSE: SPGI), a provider of credit ratings, benchmarks and analytics, has announced the full acquisition of Private Market Connect (PMC), a provider of private market data solutions . The acquisition will integrate with the Market Intelligence division and further expand the breadth and depth of its data solutions and offer timely, high-quality data as a one-stop service to Limited Partner (LP) and General Partner (GP).

Andrew EiseHead of Software Solutions at S&P Global Market Intelligencesaid, “As a provider of essential solutions for private market customers, we are committed to expanding our efforts to serve this market even better. This is an exciting step as our combined technology and expertise will enable our clients to collect, validate and share portfolio and fund data with their key stakeholders. We look forward to welcoming our new colleagues from PMC and strengthening our market position together. »

PMC integrates S&P Global’s iLEVEL technology with leading LP data management services to automate and standardize fund and underlying portfolio company data collection from GPs. This unique combination provides institutional investors with reliable transparency over the life cycle of their investments. S&P Global Market Intelligence will leverage its AI technology to further enhance the PMC offering.

Prior to the acquisition, S&P Global was a 50% shareholder of PMC and acquired the remaining 50% of Hamilton Lane (NASDAQ: HLNE), a leading private markets investment management firm. Post-closing, S&P Global will continue to provide data solutions offerings to Hamilton Lane.

PMC has one of the largest and strongest private markets databases in the industry, currently tracking over 15,000 funds and $1.2 trillion on the private markets, commitments managed by more than 2,500 general practitioners.

The transaction was signed and closed this week and terms were not disclosed.

Forward-looking statements: This press release contains “forward-looking statements”, as defined in the Private Securities Litigation Reform Act of 1995. Such statements, including statements regarding COVID-19 and the completed merger (the “Merger”) between a subsidiary of the Company and IHS Markit Ltd. (“IHS Markit”), which express management’s current views regarding future events, trends, contingencies or results, appear at various places in this press release and use words such as “anticipate”, “assume”, ” believe”, “continue”, “estimate”, “expect”, “plan”, “future”, “intend”, “plan”, “potential”, “predict”, “project”, ” strategy”, “target” and similar terms, and future or conditional verbs such as “could”, “can”, “might”, “should”, “will”, and “would”. For example, management may use forward-looking statements when discussing such matters as: the outcome of contingencies; future actions of regulators; changes in the Company’s business strategies and revenue generation methods; the development and performance of the Company’s services and products; the expected impact of acquisitions and divestitures; the Company’s effective tax rates; and the Company’s cost structure, dividend policy, cash flow or liquidity.

Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements include, among others:

  • global economic, financial, political and regulatory conditions, and factors that contribute to uncertainty and volatility, natural and man-made disasters, civil unrest, pandemics (e.g., COVID-19), l geopolitical uncertainty (including military conflict) and conditions that may result from legislative, regulatory, business and political changes;
  • the Company’s ability to retain customers and implement its plans, forecasts and other expectations regarding IHS Markit’s business and achieve expected synergies;
  • business disruption following the Merger;
  • the Company’s ability to meet expectations regarding the accounting and tax treatments of the Merger;
  • the health of debt and equity markets, including credit quality and spreads, level of liquidity and future debt issuances, demand for investment products that track indices and valuations and volumes of trading in certain exchange-traded derivatives;
  • the demand for and market for credit ratings within and between the industries and geographies in which the Company operates;
  • the Company’s ability to successfully recover from a disaster or other business continuity issue resulting from a hurricane, flood, earthquake, terrorist attack, pandemic, security breach, cyberattack, data breach, power outage, telecommunications outage, or other natural or man-made event, including the ability to operate remotely during long-term disruptions such as the COVID-19 pandemic In progress ;
  • the Company’s ability to maintain adequate physical, technical and administrative safeguards to protect the security of confidential information and data, and the possibility of system or network disruption resulting in regulatory penalties and repair costs or disclosure inappropriate information or confidential data;
  • the outcome of litigation, governmental and regulatory proceedings, inquiries and investigations;
  • market concerns affecting the credibility of the Company or otherwise affecting market perceptions as to the integrity or usefulness of credit ratings, benchmarks and independent indices;
  • the effect of competitive products and pricing, including the level of success of new product developments and global expansion;
  • the Company’s exposure to potential criminal or civil penalties for failing to comply with foreign and U.S. laws and regulations applicable in the national and international jurisdictions in which it operates, including sanctions laws relating to countries such as Iran, Russia, Sudan, Syria and Venezuelaanti-bribery laws such as the US Foreign Corrupt Practices Act and the UK Bribery Act 2010, and local laws prohibiting corrupt payments to public officials, as well as import and export restrictions export;
  • the constantly changing regulatory environment, Europe, United States and elsewhere in the world, affecting S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, S&P Global Engineering Solutions and the products offered by these business divisions, including our ESG products, and compliance with them;
  • the Company’s ability to complete acquisitions and divestitures and successfully integrate the businesses we acquire;
  • the consolidation of the Company’s end-customer markets;
  • the introduction of competing products or technologies by other companies;
  • the impact of customer pressures to reduce costs, including in the financial services industry and commodity markets;
  • a decline in demand for credit risk management tools by financial institutions;
  • the level of merger and acquisition activity in United States and abroad;
  • the volatility and health of energy and commodity markets;
  • our ability to attract, motivate and retain key employees, particularly in today’s competitive business environment;
  • the level of future cash flows and capital investments of the Company;
  • the impact on the Company’s revenues and net income caused by fluctuations in exchange rates;
  • the Company’s ability to adapt to changes in European markets and UK markets like UK leaves the European Union, and the impact of the from the United Kingdom departure on our credit rating business and other offerings in the European Union and UK; and
  • the impact of changes in applicable tax or accounting requirements on the Company.

The factors mentioned above are not exhaustive. The Company and its subsidiaries operate in a dynamic business environment in which new risks frequently emerge. Accordingly, the Company cautions readers not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances occurring after the date on which it is made, except as required by applicable law. Further information about the Company’s business, including information about factors that could materially affect its results of operations and financial condition, can be found in the Company’s filings with the SEC, including the item 1A, Risk factorsin our most recently filed Annual Report on Form 10-K.

About S&P Global Market Intelligence

At S&P Global Market Intelligence, we understand the importance of accurate, in-depth and insightful information. Our team of experts deliver unparalleled insights and cutting-edge data and technology solutions, partnering with clients to broaden their perspective, operate with confidence and make decisions with conviction.

S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s leading provider of credit ratings, benchmarks, analytics and workflow solutions for the global capital, commodity and automotive markets. With each of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit www.spglobal.com/marketintelligence.

Media Contact
farhan hussain
S&P Global Market Intelligence
+1 347 213 0065
[email protected]

View original content: https://www.prnewswire.com/news-releases/sp-global-bolsters-private-markets-offering-with-acquisition-of-private-market-connect-301613052.html


Previous Finland could become the first EU country to use digital passports and more Latest News Here
Next Electric vehicle leader BYD has a battery cost problem