April 14 Blackstone and Goldman Sachs'
investment arm are set to buy Ipreo from KKR in a
private equity secondary deal that values the data company at
$975 million, the Financial Times reported, citing people
familiar with the matter.
The deal could be announced as early as Monday, the
newspaper said. (r.reuters.com/qyb58v)
The planned sale, coming barely three years after KKR
acquired Ipreo for $425 million, reflects the trend for private
equity groups to flip assets among themselves at a time when
there are fewer fresh deals on the ground, the FT said.
Ipreo was formed by the merger of i-Deal and Hemscott in
2006, with the backing of Veronis, Merrill Lynch and Citigroup.
KKR, Ipreo as well as potential buyers Goldman Sachs and
Blackstone did not immediately respond to emails seeking
comments on the report.
(Reporting by Supriya Kurane in Bangalore; Editing by Gopakumar