KKR to acquire S&P Global’s engineering solutions for $975m

• Goldman Sachs is serving as financial advisor to S&P Global while Skadden, Arps, Slate, Meagher & Flom LLP is providing legal counsel
• RBC Capital Markets is serving as a financial advisor to KKR and Simpson Thacher & Bartlett LLP is legal counsel
• S&P Global is a data provider

S&P Global has agreed to sell its engineering solutions to KKR for $975 million in cash.

“We see significant opportunities for Engineering Solutions to accelerate growth, expand its footprint and continue to innovate as an independent company,” said Webster Chua, a partner at KKR, in a statement. “Engineering Solutions is trusted by engineers and standards organizations around the world and we look forward to deepening these relationships by making long-term investments in enhanced product coverage, improved workflow solutions and expanded distribution capabilities.”

The deal is expected to close by the end of the second quarter of 2023.

Goldman Sachs & Co. LLC is serving as financial advisor to S&P Global while Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel. RBC Capital Markets is serving as a financial advisor to KKR, and Simpson Thacher & Bartlett LLP is serving as legal counsel.

S&P Global is a data provider.