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ICE to acquire IDC from Silver Lake and Warburg Pincus in USD5.2bn deal

Intercontinental Exchange (ICE) is to acquire Interactive Data Corporation (IDC), a provider of financial market data, analytics and related trading solutions, from Silver Lake and Warburg Pincus. 

The acquisition is valued at approximately USD5.2 billion, including USD3.65 billion in cash and USD1.55 billion in ICE common stock, and adds technology platforms and new data and valuation services to ICE’s global market data offering.

IDC, based in Bedford, MA, serves the mutual fund, bank, asset management, hedge fund, securities and financial instrument processing and administration sectors. ICE’s data business currently spans nine asset classes across the eleven exchanges and seven clearing houses it operates, including the NYSE Group and ICE Futures exchanges. ICE also offers benchmark and valuation services for Libor, exchange traded funds, a range of financial derivatives, and clearing house positions. The combined company will offer customers efficiencies in accessing data on an integrated platform while serving the growing demand for data, analysis, valuation and connectivity globally.

"This transaction furthers our expansion into meeting the financial information needs of our market participants globally. With our diverse markets across virtually all asset classes, IDC will enable us to address more growth opportunities by leveraging the distribution and reach of our complementary global platforms for trading, clearing and data on a combined basis," says ICE Chairman and CEO Jeffrey C Sprecher (pictured). "With IDC as the cornerstone in the next phase of extending our services, we will build on our track record of solid execution on integration and innovation by focusing on the needs of our customers in the evolving data services marketplace."

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