IHS Markit to buy Ipreo for $1.86bn

Data firm IHS Markit has announced its intent to acquire Ipreo, a global capital markets software solutions and data provider. IHS Markit has agreed to pay $1.86bn (£1.39bn) to Blackstone Group and Goldman Sachs for the company, which will be funded through debt financing from HSBC. The valuation of Ipreo has almost doubled since it was bought in April 2014 for around $975m. IHS Markit considers Ipreo’s alternative investment business, which includes private equity, hedge funds, real estate and commodities, a rapidly growing sector. IHS Markit has also announced plans to sell its derivatives processing business MarkitSERV.

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