M&A Deal Summary

IntercontinentalExchange Acquires Interactive Data

On October 26, 2015, IntercontinentalExchange acquired information services company Interactive Data from Warburg Pincus and Silver Lake for 5.2B USD

Acquisition Highlights
  • This is IntercontinentalExchange’s 1st transaction in the Information Services sector.
  • This is IntercontinentalExchange’s largest (disclosed) transaction.
  • This is IntercontinentalExchange’s 2nd transaction in the United States.
  • This is IntercontinentalExchange’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2015-10-26
Target Interactive Data
Sector Information Services
Buyer(s) IntercontinentalExchange
Sellers(s) Warburg Pincus
Silver Lake
Deal Type Add-on Acquisition
Deal Value 5.2B USD

Target

Interactive Data

Bedford, Massachusetts, United States
website
Interactive Data Corporation is a provider of financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to the company's fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics,desktop solutions and web-based solutions. Interactive Data’s offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data is headquartered in Bedford, Massachusetts and has over 2,400 employees in offices worldwide.

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Buyer(S) 1

Buyer

IntercontinentalExchange

Atlanta, Georgia, United States

website

Category Company
Founded 2000
Sector Financial Services
Employees2,887
DESCRIPTION

IntercontinentalExchange, Inc. is a provider of diverse markets span futures and options on interest rates, commodities, indexes and FX, as well as equities and equity options.

DEAL STATS #
Overall 3 of 4
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-15 CETIP SA

Sao Paulo, Brazil

Cetip SA is Latin America’s largest depository of fixed-income securities and Brazil’s largest private asset clearing house. More than 15,000 institutions—including investment funds, banks, brokers, lenders, insurance companies and foreign investors—use Cetip’s registration, custody, trading and collateral management services.

Buy $512M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 Urgentem

London, United Kingdom

Urgentem provides Scope 1, 2, and 3 greenhouse gas (GHG) emissions data, analytics, and tools for over 30,000 publicly-listed and privately-held securities. Its data will be used to enhance ICE’s growing global sustainable finance offering, which includes a corporate ESG database of over 10,000 companies, U.S. municipal bonds, and MBS climate risk services, a suite of global corporate climate indices. Urgentem is based in London.

Buy -

Seller(S) 2

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 124 of 249
Sector (Information Services) 2 of 4
Type (Add-on Acquisition) 48 of 90
State (Massachusetts) 4 of 7
Country (United States) 78 of 136
Year (2015) 16 of 20
Size (of disclosed) 6 of 63
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-19 Electronic Funds Source

Ogden, Utah, United States

Electronic Funds Source LLC is a provider of innovative and customized corporate payment technology solutions.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-05 The Mutual Fund Store

Overland Park, Kansas, United States

The Mutual Fund Store is an independent fee-based investment advisory business with owned and franchised locations across the United States, collectively managing over $9.0 billion in assets for retail clients.

Sell $560M
SELLER

Silver Lake

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 102.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.

DEAL STATS #
Overall 31 of 58
Sector (Information Services) 1 of 3
Type (Add-on Acquisition) 11 of 18
State (Massachusetts) 3 of 3
Country (United States) 22 of 45
Year (2015) 5 of 6
Size (of disclosed) 5 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-21 SolarWinds

Austin, Texas, United States

SolarWinds provides hybrid IT infrastructure management software to customers worldwide from Fortune 500 enterprises to small businesses, government agencies and educational institutions. SolarWinds was founded in 1999 and is based in Austin, Texas.

Buy $4.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-18 SolarCity

San Mateo, California, United States

SolarCity is a provider of clean energy solutions. The Company delivers renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. SolarCity was formed in 2006 and is based in San Mateo, California.

Buy -
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