M&A Deal Summary

Ipreo Holdings and Hamilton Lane Acquire Private Market Connect

On June 8, 2017, Ipreo Holdings and Hamilton Lane acquired information services company Private Market Connect

Acquisition Highlights
  • This is Ipreo Holdings’ 2nd and Hamilton Lane’s 1st transaction in the Information Services sector.
  • This is Ipreo Holdings’ 6th and Hamilton Lane’s 1st transaction in the United States.
  • This is Ipreo Holdings’ 1st and Hamilton Lane’s 1st transaction in Pennsylvania.
Investment Fate
  • Private Market Connect was sold to a consortium of strategic buyers in 2022.

M&A Deal Summary

Date 2017-06-08
Target Private Market Connect
Sector Information Services
Buyer(s) Ipreo Holdings
Hamilton Lane
Deal Type Joint Venture

Target

Private Market Connect

Bala Cynwyd, Pennsylvania, United States
Private Market Connect is a data solutions provider in private markets databases in the industry, currently tracking over 15,000 unique funds and $1.2 trillion in private markets commitments managed by more than 2,500 GPs. Private Market Connect is based in Bala Cynwyd, Pennsylvania.

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Buyer(S) 2

Buyer

Ipreo Holdings

New York, New York, United States

Category Company
Founded 1985
Sector Information Technology
Employees600
DESCRIPTION

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.


DEAL STATS #
Overall 7 of 7
Sector (Information Services) 2 of 2
Type (Joint Venture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 6 of 6
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-25 Discovery Data

Eatontown, New Jersey, United States

Discovery Data is a provider of information services used to identify and reach firms and professionals in the financial services and insurance industries for effective product distribution, recruitment, and targeted marketing campaigns. Discovery Data was founded in 2002 and is based in Eatontown, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-29 Private Market Connect

Bala Cynwyd, Pennsylvania, United States

Private Market Connect is a data solutions provider in private markets databases in the industry, currently tracking over 15,000 unique funds and $1.2 trillion in private markets commitments managed by more than 2,500 GPs. Private Market Connect is based in Bala Cynwyd, Pennsylvania.

Sell -
Buyer

Hamilton Lane

Conshohocken, Pennsylvania, United States

Category Company
Founded 1991
Sector Business Services
Employees530
Revenue 554M USD (2024)
DESCRIPTION

Hamilton Lane is a private markets investment management firm providing solutions to sophisticated investors worldwide. Dedicated exclusively to private markets investing, the firm currently employs professionals operating in offices throughout North America, Europe, Asia Pacific, and the Middle East. It specializes in building flexible investment programs that provide clients access to the full spectrum of private market strategies, sectors, and geographies. Hamilton Lane was founded in 1991 and is based in Conshohocken, Pennsylvania.


DEAL STATS #
Overall 1 of 2
Sector (Information Services) 1 of 1
Type (Joint Venture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 361 Capital

Denver, Colorado, United States

361 Capital manages and distributes retail liquid alternative products, including mutual funds, separately managed accounts, and hedge fund vehicles. The Company offers innovative investment strategies with superior risk-adjusted returns and investment performance that is uncorrelated with traditional asset management products. 361 Capital was formed in 2001 and is based in Denver, Colorado.

Buy -