Big data M&A story yesterday, The Wall Street Journal reports. “S&P Global Inc. spent most of the past decade expanding beyond its core business of rating bonds. Now, its proposed $44 billion acquisition of IHS Markit Ltd. stands to solidify its position as one of the world’s largest financial-data companies.
S&P’s push into data coincided with the rise of passive investing & quantitative trading, which have made its information even more essential to bankers, traders & investors worldwide. The planned deal would ratchet up its competition with Bloomberg LP, Intercontinental Exchange Inc. & Refinitiv Holdings Ltd.”
Once again, we see how data drives almost everything nowadays in financial services.
At Inveniam, we see private markets as an untapped market frontier. Holdings of illiquid, seldom-traded assets such as commercial real estate, private equity & municipal bonds are in dire need of better pricing to unlock the underlying value. We collect data on those assets, then feed the information to subject matter experts to validate the findings.
From the WSJ article: “In credit markets, the combined company would also become the primary vendor of information & services in the roughly $2 trillion market for below-investment-grade corporate loans.”