IHS Markit Agrees to Buy Ipreo for $1.86 Billion
May 21 2018 - 7:11AM
Dow Jones News
By Allison Prang
IHS Markit has agreed to buy financial services data company
Ipreo from Goldman Sachs and Blackstone private-equity funds for
$1.86 billion.
Both the Goldman Sachs Merchant Banking Division and Blackstone
invested in Ipreo in 2014. Before that, Ipreo was owned by
private-equity firm Kohlberg Kravis Roberts & Co. L.P. Ipreo
employs over 1,700 people and is based in New York. IHS Markit is a
London-based information and analytics company,
"Ipreo 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," IHS Markit
chief executive Lance Uggla said in prepared remarks.
Additionally, IHS Markit said Monday that it has begun a process
to sell its derivatives-processing businesses called
MarkitSERV.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
May 21, 2018 06:56 ET (10:56 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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