London Stock Exchange Group (LSEG)’s $685 million acquisition of Fixed Income Analytics and Index Businesses of Citi


Citi has entered into an agreement to sell its Fixed Income Analytics and Index Businesses to London Stock Exchange Group (LSEG) for a total cash consideration of $685 million, subject to customary adjustments.

The transaction includes Citi’s fixed income analytics platform, The Yield Book, and Citi Fixed Income Indices which include the World Government Bond Index (WGBI).

Skadden, Arps, Slate, Meagher & Flom LLP served as legal advisor to Citi with a team led by M&A partner Jeffrey Brill (picture), Tax partner Stuart Finkelstein, Executive Compensation and Benefits partner Erica Schohn, Antitrust and Competition partner Kenneth Schwartz, alongside Intellectual Property and Technology counsel Andrew Woodard, M&A associates Robert Banerjea, Joshua Bloom and Rouzhna Nayeri, Intellectual Property and Technology associates Megan Manfred and Rebecca Rodal, and Executive Compensation and Benefits associate Page Griffin (Washington, D.C.).

Involved fees earner: Jeffrey Brill – Skadden Arps Slate Meager & Flom; Robert Banerjea – Skadden Arps Slate Meager & Flom; Joshua Bloom – Skadden Arps Slate Meager & Flom; Rouzhna Nayeri – Skadden Arps Slate Meager & Flom; Stuart Finkelstein – Skadden Arps Slate Meager & Flom; Erica Schohn – Skadden Arps Slate Meager & Flom; Page Griffin – Skadden Arps Slate Meager & Flom; Kenneth Schwartz – Skadden Arps Slate Meager & Flom; Andrew Woodard – Skadden Arps Slate Meager & Flom; Megan Manfred – Skadden Arps Slate Meager & Flom; Rebecca Rodal – Skadden Arps Slate Meager & Flom;

Law Firms: Skadden Arps Slate Meager & Flom;

Clients: Citibank;

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Author: Ambrogio Visconti