Private equity giant KKR & Co. will buy S&P Global’s engineering solutions business for $975 million, the financial services provider said on Tuesday.
The move comes months after S&P Global said it would sell the unit, which serves more than 6,000 customers in the aerospace, defense, energy and architecture industries, among others.
“The divestiture of Engineering Solutions to KKR allows us to further focus on driving growth in our core businesses,” S&P Global Chief Executive Officer Douglas Peterson said.
Private equity firms, with billions of dollars of cash and a mandate to invest, have offered some respite in an environment that is still tough for dealmaking….