AlphaSense to Acquire Tegus

Paul, Weiss is advising AlphaSense, the leading market intelligence and search platform, in the antitrust aspects of its $930 million acquisition of Tegus, a leading provider of expert research, private company content, and financial data and workflow tools. As part of this transaction AlphaSense raised $650 million in funding, bringing AlphaSense’s valuation to $4 billion.

Together, AlphaSense and Tegus will accelerate growth, innovation and content expansion in order to empower business and financial professionals to make smarter decisions through AI-driven market intelligence. The deal is expected to close in the third quarter of 2024.

The Paul, Weiss team is led by antitrust partner Scott Sher, and includes partners Annie Herdman and Marta Kelly, and counsel Chad de Souza, Todd Hahn, Lauren O’Brien, Yuni Sobel and John Magruder.