M&A Deal Summary

IHS Markit Acquires Ipreo Holdings

On May 21, 2018, IHS Markit acquired information technology company Ipreo Holdings from Goldman Sachs Merchant Banking and The Blackstone Group for 1.9B USD

Acquisition Highlights
  • This is IHS Markit’s 6th transaction in the Information Technology sector.
  • This is IHS Markit’s 2nd largest (disclosed) transaction.
  • This is IHS Markit’s 13th transaction in the United States.
  • This is IHS Markit’s 7th transaction in New York.

M&A Deal Summary
Date 2018-05-21
Target Ipreo Holdings
Sector Information Technology
Buyer(s) IHS Markit
Sellers(s) Goldman Sachs Merchant Banking
The Blackstone Group
Deal Type Add-on Acquisition
Deal Value 1.9B USD

Target

Ipreo Holdings

New York, New York, United States
Ipreo Holdings LLC is a global provider of high quality data, market intelligence, and productivity solutions to investment banking and corporate clients. Ipreo was founded in 1985 and is based in New York, New York.

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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 28 of 32
Sector (Information Technology) 6 of 6
Type (Add-on Acquisition) 23 of 26
State (New York) 7 of 8
Country (United States) 13 of 15
Year (2018) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-16 DeriveXperts

London, United Kingdom

DeriveXperts Ltd. is a provider of valuation services for OTC derivatives and other complex financial securities. DeriveXperts Ltd. is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Omdia

London, United Kingdom

Omdia is a global technology research powerhouse that combines Informa Tech’s market-leading analyst houses, Ovum, Heavy Reading, Tractica, and the majority of IHS Markit’s TMT research, to create a powerhouse capable of meeting the challenge.

Sell -

Seller(S) 2

SELLER

Goldman Sachs Merchant Banking

New York, New York, United States
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 79 of 110
Sector (Information Technology) 7 of 8
Type (Add-on Acquisition) 23 of 37
State (New York) 7 of 11
Country (United States) 55 of 78
Year (2018) 3 of 6
Size (of disclosed) 16 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-17 Hearthside Food Solutions

Downers Grove, Illinois, United States

Hearthside Food Solutions is a food contract manufacturer. The Company offers diverse production capabilities including bars, cookies, crackers, granola, snack components, and other baked goods. Hearthside specializes in the production of complex, high-volume, short-run products, which represent an increasing portion of customer demand. Hearthside Food Solutions was founded in 2009 and is based in Downers Grove, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-28 Voodoo

Paris, France

Voodoo is a mobile video game manufacturer. Voodoo was founded in 2013 and is based in Paris, France.

Buy $200M
SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.

DEAL STATS #
Overall 119 of 174
Sector (Information Technology) 5 of 11
Type (Add-on Acquisition) 41 of 67
State (New York) 8 of 12
Country (United States) 74 of 105
Year (2018) 4 of 13
Size (of disclosed) 23 of 57
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-11 Packers Sanitation Services

Mt. Pleasant, Iowa, United States

PSSI is a provider of outsourced cleaning services to the beef, pork and poultry processing industries. PSSI also cleans other specialized food preparation plants including those that process salads and pizza toppings. PSSI has grown rapidly due to increased outsourcing of cleaning services and added focus on food safety.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-14 Intelenet Global Services Pvt.

Mumbai, India

Intelenet Global Services Pvt. Ltd. is a provider of business process outsourcing services worldwide. The firm offers services via telephone, email, Web, and standard mail. Intelent also provides transaction processing, finance & accounting and IT process consulting services.

Sell -
Mergr

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