S&P Global Inc. is eyeing potential "smaller, bolt-on" acquisition deals under $100 million to boost its data analysis capabilities, CFO Ewout Steenbergen said in an interview with The Wall Street Journal's CFO Journal.
Specifically, S&P Global is looking to buy a company that can analyze unstructured datasets, similar to machine learning and analytics firm Panjiva Inc. that S&P Global bought in February, Steenbergen said. The CFO added that S&P Global is also looking to get minority stakes in emerging markets ratings firms, according to the report.
S&P Global is also considering an expansion into China, and could decide soon if it would be through buying a domestic credit ratings firm or establishing its own presence there, the Journal cited Steenbergen as saying.
S&P Global Market Intelligence is owned by S&P Global.
