Barclays in $790 Million Sale of Index Benchmarking and Risk Analytics Business to Bloomberg
December 16, 2015
Cleary Gottlieb represented Barclays in the sale of its index benchmarking and risk analytics business, Barclays Risk Analytics and Index Solutions, to Bloomberg for approximately $790 million. The deal signed on December 16, 2015 and, subject to various conditions including anti-trust approval, is expected to close in mid-2016.
Barclays Risk Analytics and Index Solutions is a leading provider of benchmark and strategy indices, including some of the fixed-income market’s most widely used indices (most notably the Barclays Family of Aggregate Bond Indices).