IHS Markit’s $1.855 Billion Acquisition of Ipreo

Barclays is acting as lead financial advisor and HSBC is acting as financial advisor to IHS Markit for its acquisition of Ipreo. HSBC will act as sole lead arranger and book runner for the committed debt financing for the acquisition of Ipreo. Davis Polk & Wardwell LLP is acting as IHS Markit’s legal advisor.

IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, has signed a definitive agreement to acquire Ipreo, a leading financial services solutions and data provider, for $1.855 billion from private equity funds managed by Blackstone and the Goldman Sachs Merchant Banking Division.

The acquisition is expected to close in the second half of 2018, subject to customary closing conditions and regulatory filings and approvals, including with the UK Financial Conduct Authority and under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976.

IHS Markit also announced today that, following a detailed review of its financial services businesses as part of a disciplined capital allocation strategy, it has initiated a process to sell MarkitSERV, its derivatives processing business. MarkitSERV is a leading provider of end-to-end trade processing and workflow solutions across OTC derivatives asset classes.

The Davis Polk corporate team includes partners Oliver Smith (Picture) and Louis Goldberg and associate Abraham Einhorn. Partner Michael Mollerus is providing tax advice. Partner Kyoko Takahashi Lin is providing executive compensation advice. Partner Howard Shelanski is providing antitrust and competition advice. Partner Jinsoo H. Kim is providing credit advice. Partner Pritesh P. Shah is providing intellectual property and technology advice. Partners Richard D. Truesdell Jr. and Derek Dostal are providing capital markets advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

 

Involved fees earner: Oliver Smith – Davis Polk & Wardwell; Louis Goldberg – Davis Polk & Wardwell; Abraham Einhorn – Davis Polk & Wardwell; Michael Mollerus – Davis Polk & Wardwell; Kyoko Takahashi Lin – Davis Polk & Wardwell; Howard Shelanski – Davis Polk & Wardwell; Jinsoo Kim – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Richard Truesdell Jr. – Davis Polk & Wardwell; Derek Dostal – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: IHS Markit Ltd.;

 

Author: Ambrogio Visconti