Permira is exploring a sale of Octus, the financial data and news provider formerly known as Reorg, in a deal that could value the business at more than $4bn, according to people familiar with the discussions cited by Reuters.

The London-based private equity firm has held initial talks with investment banks about the sale, which may launch in early 2026. The process is still in its preliminary stages, and no final decision has been made, the sources said.

Permira, which acquired a controlling stake in Octus from Warburg Pincus in 2022 at a valuation of $1.3bn, is seeking to capitalise on a wave of investor demand for financial data assets. The sector has seen a flurry of high-value deals as global investors and technology companies race to acquire proprietary datasets to enhance their analytics and AI capabilities.

Founded in 2013 by CEO Kent Collier, Octus employs journalists, analysts, and legal experts who monitor regulatory filings and court documents to deliver intelligence on corporate restructurings, distressed debt, and credit markets. Its subscription-based model generates consistent, visible revenues from more than 35,000 clients, including law firms, banks, and investment funds.

A sale could deliver a strong exit for Permira at a time when private equity firms face increasing pressure to return capital to investors. The deal would follow several major data-sector transactions this year, including S&P Global’s $1.8bn acquisition of With Intelligence and BlackRock’s $3.4bn takeover of Preqin.

Permira declined to comment on the potential sale, while Octus did not respond to requests for comment.

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