IHS Markit Agrees to Buy Ipreo for $1.86 Billion

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)

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