About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Blackstone Closes Deal to Take 55% Stake in Thomson Reuters Financial & Risk Business

Subscribe to our newsletter

Nearly nine months after Thomson Reuters signed a definitive agreement with Blackstone that would give the private equity firm a 55% stake and Thomson Reuters a 45% stake in the company’s financial and risk business, the deal is closed and the business rebranded as Refinitiv.

With backing from Blackstone, Refinitiv plans to invest in a number of key areas including content coverage, AI and analytics across its data platforms Elektron and Eikon for buy-side, trading, wealth and banking customers – of which it has 40,000 across 190 countries. It also plans to invest in enhanced capabilities for its leading platforms for trading, as well as in indices, risk management, and fighting financial crime.

Products and services that will be sold or discontinued have not yet been identified, although cuts are expected as Blackstone reshapes Refinitiv for future growth.

Martin Brand, a senior managing director at Blackstone, says: “We are pleased to close this landmark partnership transaction with Thomson Reuters. Blackstone is excited to invest in Refinitiv and pursue a business plan focused on accelerating growth through innovation in partnership with Refinitiv’s customers.”

For Thomson Reuters, the deal takes the financial and risk business out of the public eye and into private ownership, eradicating the burden of quarterly financial reporting, and providing capital to invest in innovation and recharge revenues that have been stagnant in recent years.

David Craig, former lead of the Thomson Reuters financial and risk business, and now CEO at Refinitiv, says: “This is a unique moment in our 160-year history as the financial and risk business of Thomson Reuters steps forward as Refinitiv. With the backing of our investors, Refinitiv will continue to deliver the critical data, insights and open technology infrastructure that the market has come to expect while driving progress for our customers across trading, risk, banking, wealth and investment management and in areas such as financial crime and ESG investment.”

The deal, made by a consortium led by Blackstone and including Canada Pension Plan Investment Board and GIC, values Refinitiv at $20 billion.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and reduce costs. Use cases of specific importance to the finance sector, such as data...

BLOG

Data Concern Over EU’s Streamlining of Green Regulations

Financial institutions may have to rely more heavily on their data teams and vendors to surface sustainability risks in their portfolios after the European Union watered down some of its key corporate ESG reporting regulations. The EU’s Omnibus package announced earlier this year is intended to streamline the compliance processes for regulations including the Corporate...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...