Stock Groups

LSE owner sells wealth technology platform for $1 billion

by Mike Robinson

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© Reuters. FILEPHOTO: London Stock Exchange seen at the morning rush hour, April 11, 2011, in London. REUTERS/Toby Melville

(Reuters) – The London Stock Exchange Sky News reports that Group (LON) has entered into an agreement worth $1 billion to sell its wealth platform to investors.

According to reports, LSEG is selling a number of assets, called BETA+ which was acquired by London Stock Exchange as part of the acquisition of Refinitiv. This group was sold to U.S. investment firms Motive Partners, Clearlake Capital Group and Clearlake Capital Group.

Sky News, citing an unnamed source, said that the agreement could be announced on Monday.

Reuters reached out to LSEG for comments but they did not respond immediately.

The foundation of Refinitiv is Thomson Reuters Blackstone’s consortium took over the (NYSE) parent company of Reuters News in 2018. The deal was completed in January 2021 and it was purchased by LSEG for $27 billion.

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