IHS Markit completes $1.9bn Ipreo acquisition

IHS Markit has completed its $1.855 billion acquisition of financial services and data provider Ipreo from Blackstone and Goldman Sachs. Adam Kansler, president of financial services for IHS Markit said that in addition to expanding core businesses, there will be a move to grow in the alternatives segment with a focus on transparency and efficiency. Ipreo supports all market participants in the capital-raising process, including banks, public and private companies, institutional and individual investors as well as research, asset management and wealth management firms.

IHS Markit provides critical information, analytics and solutions for more than 50,000 business and government customers, including 80% of the Fortune Global 500 as well as the world’s major financial institutions. Q2 was a busy time for the firm: aside from announcing its intention to buy Ipreo, it sold its derivatives processing unit, moved on expansion plans into Asia and Europe with CME, created a Vendor Management Portal for risk and workflow designed with Goldman Sachs, while its OTC derivatives trade processing service, MarkitSERV, tackled the first wave of SOFR swaps trades, among other activities.

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