Funds managed by Strategic Value Partners (SVP), a global alternative investment firm with over $18bn of assets under management, have acquired the remaining 40% of IPC, a provider of mission-critical network services and trading communication technology.
SVP has owned 60% of IPC since 2021, after the firm led a transaction that reduced IPC’s debt by over $400m and provided new capital of $125m.
In a press statement, Ari Barz, Managing Director on the North American investment team at SVP, said: “IPC is uniquely positioned to continue delivering solutions to their customers as the trading ecosystem evolves, and we look forward to working hand-in-hand with the talented management team to bring IPC to the next stage of growth.”
