IHS Markit to buy data provider Ipreo
22 May 2018 London
Image: Shutterstock
IHS Markit has signed a definitive agreement to acquire Ipreo, a New York-based financial services solutions and data provider, for $1.85 billion.
The sellers are private equity funds managed by Blackstone and the Goldman Sachs Merchant Banking Division.
Subject to customary closing conditions and regulatory filings and approvals, the acquisition is expected to close in the second half of this year.
Ipreo supports participants in the capital-raising process, including banks, public and private companies, institutional and individual investors as well as research, asset management and wealth management firms.
According to IHS Markit, Ipreo鈥檚 products and services minimise the growing costs and complexities of capital markets and offer solutions to the high demand for regulation and compliance, industry cost pressures and steep costs associated with building and maintaining in-house systems.
IHS Markit has also launched a sales process for MarkitSERV, its derivatives processing business.
Lance Uggla, chairman and CEO at IHS Markit, said: 鈥淚preo has an extremely strong brand in financial markets and its services are a logical and highly complementary extension to our financial services business and our customer base.鈥�
The sellers are private equity funds managed by Blackstone and the Goldman Sachs Merchant Banking Division.
Subject to customary closing conditions and regulatory filings and approvals, the acquisition is expected to close in the second half of this year.
Ipreo supports participants in the capital-raising process, including banks, public and private companies, institutional and individual investors as well as research, asset management and wealth management firms.
According to IHS Markit, Ipreo鈥檚 products and services minimise the growing costs and complexities of capital markets and offer solutions to the high demand for regulation and compliance, industry cost pressures and steep costs associated with building and maintaining in-house systems.
IHS Markit has also launched a sales process for MarkitSERV, its derivatives processing business.
Lance Uggla, chairman and CEO at IHS Markit, said: 鈥淚preo has an extremely strong brand in financial markets and its services are a logical and highly complementary extension to our financial services business and our customer base.鈥�
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