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Data firm IHS markit will buy Ipreo in $ 1.86 billion.

IHS markit Ltd is a global information provider based in London, the UK planning to buy Ipreo to support its financial services.
BY BEx Bureau
BusinessEx
May 22, 2018

Data firm IHS Markit Ltd announced on Monday that it will buy rival Ipreo from private equity funds of BlackStone group LP and Goldman Sachs for $ 1.86 billion to expand its contracts business, customer base and to support its financial services.
The buyout arm of BlackStone and Goldman Sachs obtained Ipreo from another layout firm named KKR and Co LP, in April 2014 for little less than $ 975 million. Ipreo supports contributors including banks, public and private companies raise capital.
The deal will be funded by HSBC through debt financing. It is expected to close in the second half of 2018, due to regulatory approvals.
Chief Executive of IHS Markit, Lance Uggla told, "Ipreo has an extremely strong brand in financial markets and its services are a logical and highly complementary extension to our financial services business and our customer base.

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