Our Clients

Overview

• Matthews South advised S&P Global on their $2.5 billion ASR
• This ASR is part of the company’s plan to repurchase $12 billion shares after the closing of its $140 billion merger with IHS Markit on February 28, 2022
• This was the fourth ASR on which we advised S&P Global

Pricing, Structuring, & Execution Advice in a Volatile Market

• We assisted the company in:
  • Structuring the transaction to optimize for the size and the company’s full capital return objectives,
  • Coordinating pricing and execution with the bank group,
  • Reviewing documentation and ensuring market standard terms,
  • Conducting accounting analysis to support equity treatment of the ASR.
• Inclusive of this transaction, Matthews South has advised clients on over $77 billion of share repurchases to date

Additional Deals for S&P Global:

• March 2022: $7bn Accelerated Share Buyback
• May 2022: Supplemental $1.5bn Accelerated Share Buyback