Blackstone-Led Consortium

Blackstone-Led Consortium in its $20 Billion Partnership Agreement with Thomson Reuters


Blackstone-Led Consortium


$20 billion


Mergers and Acquisitions

Date Closed

November 2018

Lead Office



Osler, Hoskin & Harcourt was Canadian counsel to a consortium led by Blackstone in which private equity funds managed by Blackstone – together with Canada Pension Plan Investment Board and GIC – have entered into a partnership agreement with Thomson Reuters for Thomson Reuters’ Financial & Risk Business (F&R). Under the agreement, the Blackstone-led consortium will own 55% of the equity in a new corporation created to hold the F&R business and Thomson Reuters will retain a 45% equity stake, at an overall valuation of $20 billion.

Thomson Reuters F&R is a data and financial technology platform that provides critical information and data analytics, enables financial transactions and connects communities of trading, investment, financial and corporate professionals. It also provides regulatory and risk management solutions to help customers anticipate and manage risk and compliance.

The Osler team included Clay Horner and Manny Pressman (M&A); Blair Wiley (Capital Markets); Firoz Ahmed, Drew Morier and Alex Klyguine (Tax); and Shuli Rodal (Competition).

Clay  Horner
Key Contact

Clay Horner

Retired Partner

Emmanuel  Pressman

Emmanuel Pressman

Partner, Chair, Corporate

Firoz Ahmed | Tax Lawyer in Toronto

Firoz Ahmed

Partner, Taxation

Drew Morier | International Tax Lawyer

Drew Morier

Partner, Taxation

Shuli Rodal - Competition Lawyer

Shuli Rodal

Partner, Competition/Antitrust & Foreign Investment