Blackstone-Led Consortium

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

Client

Blackstone-Led Consortium

Value

$20 billion

Service

Mergers and Acquisitions

Date Closed

November 2018

Lead Office

Toronto

 

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).