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Blackstone and Goldman Sachs acquire Ipreo

07 August 2014  |  1932 views  |  0 Source: Ipreo Holdings LLC

Ipreo Holdings LLC ("Ipreo"), a leading global provider of market intelligence and workflow solutions to capital markets and corporate professionals, announced the completion of its acquisition by private equity funds managed by Blackstone (NYSE: BX) and by the Goldman Sachs Merchant Banking Division ("Goldman Sachs") (together, the "Sponsors").

The Sponsors have acquired the business from affiliates of Kohlberg Kravis Roberts & Co. L.P. ("KKR"). Terms of the transaction were not disclosed.

"Ipreo is an extraordinary company with tremendous potential for growth," said Martin Brand, Senior Managing Director of Blackstone. "We are pleased to partner alongside management and Goldman Sachs to position Ipreo for continued innovation and success."

"Ipreo has a long track-record of impressive performance across all the markets it serves. We are excited to help the company achieve new levels of market leadership, alongside our new partners," said Sumit Rajpal, Global Head of Financial Services Investing for the Goldman Sachs Merchant Banking Division.

Ipreo is a leading global provider of market intelligence, new issuance software, and investor communication tools to investment banks and public companies. It is the only provider of capital markets solutions across the equity, fixed income, municipal, and syndicated loan markets. Ipreo's extensive suite of corporate investor relations services provides corporate clients with unparalleled cross-asset class shareholder intelligence and analytics. Ipreo is especially known for its Bigdough database, widely recognized as the leading source for institutional contact data and investor profiles, relied upon by capital markets and corporate professionals alike. Ipreo clients include the world's leading investment banks and hundreds of corporations listed on all the major exchanges around the globe.

"We are very excited to partner with Blackstone and Goldman Sachs in our next phase of development," said Scott Ganeles, Chief Executive Officer of Ipreo. "The weeks of working together towards closing have only strengthened our view that both firms bring the experience, relationships, and market expertise to support not only our growth as a company but also our ability to bring new and enhanced services to our clients."

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