LONDON, October 15, 2025 – Proskauer advised With Intelligence on its sale by Motive Capital, ICG, the founder, management and other minority shareholders to S&P Global, a leading source of private markets data, insights and analytics, for $1.8 billion in cash.
The acquisition considerably expands S&P Global's data coverage and capabilities across private markets — and enhances its value proposition for both General Partners (GPs), Limited Partners (LPs), Intermediaries and Advisors.
By combining With Intelligence's proprietary data, benchmarks and workflow solutions with S&P Global's trusted expertise and brand in private markets intelligence and analytics, the company will create one of the most comprehensive data offerings for investors, fund managers and allocators. With alternative assets expected to approach $40 trillion by the end of the decade, this transaction accelerates S&P Global's vision and commitment to driving innovation and transparency throughout the private markets value chain by delivering end-to-end data, intelligence and connectivity.
The Firm previously advised With Intelligence on the majority investment into the company by Motive Partners and advised ICG on its first investment in Pageant Media (now With Intelligence).
Founded by Charlie Kerr in 1998, With Intelligence brings a rich history of creating and providing data and insights for alternative asset classes with an unparalleled network across investors and managers, providing proprietary data sourced directly from allocators and fund managers. With Intelligence's deep industry connections generate data and analytics with expert intelligence and actionable, forward-looking insights.
The Proskauer team was led by partners Richard Bull and Liam Arthur and included associates Nicholas Wardle and Esme Malley and trainee Lucy Adair (Private Equity M&A). The team also included partner Mary Wilks and associate Calum Paton (Antitrust); partner Barry Newman (Private Equity Finance); partner Danniella Abel (Tax); and special counsel Kelly McMullon (Data Privacy).
Proskauer's market-leading private equity team advises top-tier sponsors on complex deals across sectors; especially in people-driven and regulated industries like financial services, consulting, human capital, professional services, and employee-owned or founder-led businesses. The team delivers industry-leading work where regulation, reputation and talent retention are key. From platform acquisitions to exits, the team guides clients through the full investment lifecycle. With deep sector insight and cross-border execution strength, we get deals done - fast, precisely and with impact.