Financial information and analytics provider IHS Markit’s purchase of software company Ipreo, completed in August, marked a significant strategic step for the company, helping it continue the growth of its core business and expand in a new segment. At $1.885bn, the transaction came at a considerable cost, but the financing around the deal showed IHS Markit is more than adept when it comes to operating in the sectors it serves.
The Ipreo deal followed a long period of relationship building during which IHS Markit tracked Ipreo and bonded with the management team. IHS Markit recognised that Ipreo’s solutions to support market participants, and in particular private markets, in the capital-raising process was an excellent match for its own business.
