S&P Global to Acquire With Intelligence for $1.8 Billion

While this report comes a few weeks after the October 15 transaction, the deal’s implications for the WealthTech landscape remain significant and worth a closer look.

S&P Global has agreed to acquire With Intelligence, a leading provider of data and intelligence on the global asset management industry, from Motive Partners for approximately $1.8 billion in cash. The acquisition, expected to close in the first half of 2025 subject to regulatory approvals, strengthens S&P Global’s position in private markets data, particularly across hedge funds, private equity, and real assets. With Intelligence serves more than 3,000 customers worldwide, including asset managers, allocators, and service providers. 

The transaction will expand S&P Global Market Intelligence’s coverage of alternative investments, complementing its existing capabilities in public markets, credit ratings, and risk analytics. S&P said the acquisition aligns with its strategy to provide integrated, data-driven intelligence across public and private capital markets. The move also highlights continued consolidation among financial data providers seeking broader visibility across all asset classes. 

Upon completion, With Intelligence will operate within S&P Global Market Intelligence, supported by its data, research, and technology infrastructure. S&P expects the integration to accelerate product innovation and deepen client insights in fast-growing private markets. Motive Partners, which acquired With Intelligence in 2021, said the sale validates its focus on building scalable financial technology platforms. The acquisition underscores how demand for reliable private markets data continues to rise as investors and advisors seek transparency and performance benchmarking across alternative assets. 

Link to Article