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).