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Blackstone, Goldman Said to Buy Ipreo From KKR for $975M

Blackstone Group LP (BX), the world’s biggest private-equity firm, and Goldman Sachs Group Inc.’s merchant banking unit agreed to buy financial data provider Ipreo Holdings LLC from KKR & Co. (KKR)

The transaction values New York-based Ipreo at $975 million, according to a person with knowledge of the deal, who requested anonymity because financial terms weren’t announced. KKR will keep a minority stake in the company, according to a statement today from the companies.

“Together with KKR, we have grown significantly and solidified our leadership in capital markets software, and data and analytics services,” Scott Ganeles, Ipreo’s chief executive officer, said in the statement.

KKR, the private-equity firm led by Henry Kravis and George Roberts, bought Ipreo in 2011 from investment firm Veronis Suhler Stevenson LLC. Kristi Huller, a KKR spokeswoman, declined to comment on the company’s value. Christine Anderson, a spokeswoman for Blackstone, didn’t immediately respond to a request for comment.

Bloomberg LP competes with Ipreo in providing initial public offering data.

To contact the reporter on this story: Devin Banerjee in New York at dbanerjee2@bloomberg.net

To contact the editors responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net Pierre Paulden

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