Overview

• S&P is buying the company from a consortium led by Motive Partners, with Citi advising S&P and Centerview advising With Intelligence.
• The target is expected to contribute about $130 million of 2025 revenue, be slightly dilutive to GAAP EPS near term, and add to adjusted EPS in 2027.
• With Intelligence, founded in 1998, provides alternative-asset data and analytics to roughly 3,000 customers worldwide.
• S&P plans to integrate With’s datasets and workflows with tools including Capital IQ Pro, iLEVEL, Valuations and WSO to broaden private-markets coverage.
• The move reflects consolidation in private-markets information as investors seek greater transparency, with alternative assets projected to approach $40 trillion this decade.