IHS Markit’s Joint Venture with CME Group


Davis Polk advised IHS Markit in the transaction.

IHS Markit signed its agreement with CME Group to combine their post-trade services into a new 50/50 joint venture. The new company will include trade processing and risk mitigation operations. It will incorporate CME Group’s optimization businesses – Traiana, TriOptima and Reset – and IHS Markit’s MarkitSERV. The transaction is expected to close in summer 2021 subject to customary antitrust and regulatory approvals and other customary closing conditions.

IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. CME Group enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities.

The Davis Polk corporate team included partners Oliver Smith (Picture) and Evan Rosen and associates Matthew J. Cowcher and Soo Lim. The U.S. tax team included partner Michael Mollerus and associate Joshua J. Micelotta. Partner Jonathan Cooklin provided U.K. tax advice. Partner Kyoko Takahashi Lin provided executive compensation advice. The intellectual property and technology team included partner Pritesh P. Shah and associate Samantha Lefland.

Involved fees earner: Jonathan Cooklin – Davis Polk & Wardwell; Matthew Cowcher – Davis Polk & Wardwell; Samantha Lefland – Davis Polk & Wardwell; Soo Lim – Davis Polk & Wardwell; Joshua Micelotta – Davis Polk & Wardwell; Michael Mollerus – Davis Polk & Wardwell; Evan Rosen – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Oliver Smith – Davis Polk & Wardwell; Kyoko Takahashi Lin – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: IHS Markit Ltd.;

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Author: Ambrogio Visconti