M&A Deal Summary

IHS Markit Acquires Communify Fincentric

On July 8, 2010, IHS Markit acquired information technology company Communify Fincentric from Goldman Sachs Merchant Banking

Acquisition Highlights
  • This is IHS Markit’s 2nd transaction in the Information Technology sector.
  • This is IHS Markit’s 5th transaction in the United States.
  • This is IHS Markit’s 1st transaction in California.
Investment Fate
  • Communify Fincentric was divested to a consortium of buyers in 2024.

M&A Deal Summary

Date 2010-07-08
Target Communify Fincentric
Sector Information Technology
Buyer(s) IHS Markit
Sellers(s) Goldman Sachs Merchant Banking
Deal Type Add-on Acquisition

Target

Communify Fincentric

Santa Monica, California, United States
Communify Fincentric is a tech-enabled services company that unifies market and client data communication. Communify Fincentric specializes in delivering customized digital experiences, data visualization tools, and analytics to enhance customer experiences and inform decision-making. Communify Fincentric is based in Santa Monica, California.

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Buyer(S) 1

Buyer

IHS Markit

London, United Kingdom

Category Company
Founded 1959
Sector Information Services
Revenue 4.4B USD (2019)
DESCRIPTION
Entrance to IHS Markit's campus in Englewood, Colorado.
Entrance to IHS Markit's campus in Englewood, Colorado.

IHS Markit Ltd. is a financial information services company. IHS Markit provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. IHS Markit was founded in 1959 and is based in London, England.


DEAL STATS #
Overall 11 of 32
Sector: Information Technology M&A 2 of 7
Type: Add-on Acquisition M&A Deals 9 of 26
State: California M&A 1 of 1
Country: United States M&A 5 of 15
Year: 2010 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 ClearPar

Valley Cottage, New York, United States

ClearPar LLC, provides a Web based commercial loan settlement system. ClearPar dedicated to the efficient settlement of par loan closings in the primary syndication and secondary loan trading markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-12 QuIC Financial Technologies

Vancouver, British Columbia, Canada

QuIC Financial Technologies, Inc. is a provider of enterprise solutions for risk management, pricing and financial analytics. The QuIC engine provides speed, accuracy and flexibility for pricing and risk calculations that is able to handle the most complex models, instruments and analytics.

Buy -

Seller(S) 1

SELLER

Goldman Sachs Merchant Banking

New York, New York, United States

Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 26 of 126
Sector: Information Technology M&A 3 of 11
Type: Add-on Acquisition M&A Deals 5 of 43
State: California M&A 1 of 9
Country: United States M&A 19 of 90
Year: 2010 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-28 Express Oil Change & Tire Engineers

Birmingham, Alabama, United States

Express Oil Change & Tire Engineers is a provider of total car care solutions, oil change, maintenance and repair services. Express Oil Change & Tire Engineers was founded in 1979 and is based in Birmingham, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-15 Ontex Group

Aalst, Belgium

Ontex Group is a label manufacturer of baby diapers, adult incontinence products, and feminine hygiene disposables. The company is headquartered in Belgium and has more than 4,000 employees and more than 10 manufacturing plants in the EU, CEE, Turkey, Algeria and China. Ontex Group was incorporated in 1979 and is based in Aalst, Belgium.

Buy €1.2B