U.S. Markets closed

Blog Exposure - IHS Markit to Acquire Ipreo

Stock Monitor: Collectors Universe Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 23, 2018 / If you want access to our free research report on IHS Markit Ltd (NASDAQ: INFO), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=INFO as the Company's latest news hit the wire. On May 21, 2018, the Company announced that it has inked a deal to acquire Ipreo Holdings LLC ("Ipreo"), which is a leading financial services solutions and data provider, from private equity funds managed by Blackstone and the Goldman Sachs Merchant Banking Division, for approximately $1.855 billion. Register today and get access to over 1,000 Free Research Reports by joining our site below:


Active-Investors.com is currently working on the research report for Collectors Universe Inc. (NASDAQ: CLCT), which also belongs to the Services sector as the Company IHS Markit. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, IHS Markit most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Deal Details

  • The acquisition, expected to close in the second half of 2018, is subject to customary closing conditions and regulatory filings and approvals, including with the UK Financial Conduct Authority and under the US Hart-Scott-Rodino Antitrust Improvements Act of 1976.
  • The purchase price represents an effective 2019 forward Adjusted EBITDA multiple of 16x. This high-growth business is expected to achieve double-digit organic growth in 2019, and be accretive to 2019 IHS Markit's adjusted earnings per share (EPS).
  • IHS Markit will fund the transaction with existing debt. The Company's expected leverage ratio as defined in its credit facility is expected to be approximately 3.6x at close, deleveraging to below 3.0x by the third quarter of 2019.
  • IHS Markit will suspend its share repurchase program until leverage falls back into its targeted leverage range of 2x - 3x.
  • HSBC will act as sole lead arranger and book runner for the committed debt financing for the acquisition of Ipreo.

IHS Markit to Sell its Derivatives Processing Business MarkitSERV

On May 21, 2018, IHS Markit also announced that, following a detailed review of its financial services businesses as part of a disciplined capital allocation strategy, the Company has initiated a process to sell MarkitSERV, its derivatives processing business. MarkitSERV is a leading provider of end-to-end trade processing and workflow solutions across OTC derivatives asset classes.

Ipreo's Services are a Logical and Highly Complementary Extension to IHS Markit's Financial Services Business

Lance Uggla, Chairman and Chief Executive Officer (CEO) of IHS Markit, stated that Ipreo has an extremely strong brand in financial markets and its services are a logical and highly complementary extension to IHS Markit's financial services business and its customer base. Uggla added that across multiple product lines, the Company will deliver a more comprehensive service that will allow clients to streamline their workflow and make quicker and better decisions.

IHS Markit is a Great Fit for Ipreo in Culture, Market Approach, and Focus on Customer Service

Commenting on the acquisition, Kevin Marcus, President and Chief Operating Officer (COO) of Ipreo, stated that with the support of its sponsors, Ipreo had a phenomenal four years of growth and game-changing new initiatives. Marcus added that IHS Markit is a great fit for Ipreo, in culture, market approach, and focus on customer service, and is also a great home for the Company to continue its trajectory of success.

Blackstone and Goldman Sachs Merchant Banking Division's Acquisition of Ipreo from KKR

In April 2014, Ipreo signed a deal to be acquired by private equity funds managed by Blackstone and by the Goldman Sachs Merchant Banking Division (together, "The Sponsors"). The Sponsors acquired the business from affiliates of Kohlberg Kravis Roberts & Co. L.P. ("KKR"), who retained a minority ownership stake in the business. The terms of the transaction were not disclosed.

Since Blackstone and Goldman Sachs' investment in 2014, Ipreo has grown its revenues by nearly 60%. Ipreo completed three transformative acquisitions to form its fast-growing Private Capital Markets segment; launched several major new products, including an expansion into the buyside; created blockchain and data-related joint ventures; and significantly expanded its presence globally.

About Ipreo Holdings LLC

Ipreo is a leading global provider of financial services technology, data, and analytics. Founded in 2006 and headquartered in New York City, New York, Ipreo supports all participants in the capital-raising process, including banks, public and private companies, institutional and individual investors, research, asset management, and wealth management firms.

About IHS Markit Ltd

Headquartered in London, United Kingdom, IHS Markit is a global leader in information, analytics, and solutions for the major industries and markets that drive economies worldwide. IHS Markit serves more than 50,000 key customers in over 140 countries, including 85% of the Fortune Global 500.

Stock Performance Snapshot

May 22, 2018 - At Tuesday's closing bell, IHS Markit's stock slightly fell 0.64%, ending the trading session at $51.27.

Volume traded for the day: 1.70 million shares.

Stock performance in the last month – up 4.53%; previous three-month period – up 10.38%; past twelve-month period – up 14.70%; and year-to-date - up 13.55%

After yesterday's close, IHS Markit's market cap was at $20.46 billion.

Price to Earnings (P/E) ratio was at 46.48.

The stock is part of the Services sector, categorized under the Business Services industry.


Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors