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Acquisition

Blackstone and Goldman Sachs merchant banking division complete Ipreo acquisition

Ipreo Holdings has been acquired by private equity funds managed by Blackstone and the Goldman Sachs merchant banking division.

The business has been acquired from affiliates of Kohlberg Kravis Roberts (KKR). Terms of the transaction have not been disclosed.
 
"Ipreo is an extraordinary company with tremendous potential for growth," says Martin Brand, senior managing director of Blackstone. "We are pleased to partner alongside management and Goldman Sachs to position Ipreo for continued innovation and success."
 
"Ipreo has a long track-record of impressive performance across all the markets it serves. We are excited to help the company achieve new levels of market leadership, alongside our new partners," says Sumit Rajpal, global head of financial services investing for the Goldman Sachs merchant banking division.
 
Ipreo is a provider of market intelligence, new issuance software, and investor communication tools to investment banks and public companies. It is the only provider of capital markets solutions across the equity, fixed income, municipal, and syndicated loan markets.
 
Ipreo is especially known for its Bigdough database, a source for institutional contact data and investor profiles, relied upon by capital markets and corporate professionals.
 
"We are very excited to partner with Blackstone and Goldman Sachs in our next phase of development," says Scott Ganeles, chief executive officer of Ipreo. "The weeks of working together towards closing have only strengthened our view that both firms bring the experience, relationships, and market expertise to support not only our growth as a company but also our ability to bring new and enhanced services to our clients."


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