Kohlberg Kravis Roberts & Co. completed its acquisition of Ipreo Holdings, the firm announced Friday. Ipreo makes deal execution platforms and investor communication tools for investment banks and corporations. Terms of the deal, first announced in May, were not released.
Kohlberg Kravis Roberts & Co L.P. (together with its affiliates, “KKR”) announced today that KKR has completed the acquisition of Ipreo Holdings LLC. The terms of the agreement, which was previously announced in May 2011, were not disclosed.
Ipreo is a leading provider of market intelligence, deal execution platforms, and investor communication tools to investment banks and corporations around the world. It is the only provider of new issuance software solutions across the equity, fixed income, and municipal markets. The company is also known for sophisticated analytical services, as well as its Bigdough database, widely recognized as the leading source for institutional contact data and investor profiles. Ipreo clients include the world’s leading investment banks and hundreds of corporations listed on all the major exchanges around the globe.
“Today marks the beginning of a long-term partnership that will build upon Ipreo’s tremendous success to date. We look forward to working with the Ipreo team to create meaningful value for both the company and its customers,” said Thomas Uger, a Director of KKR.
“We are thrilled to have a partner with such deep knowledge and understanding of our business,” said Scott Ganeles, Chief Executive Officer of Ipreo. “It is very exciting for us to have KKR’s support as we strive to ensure that our clients around the world continue to have the best tools and information available.”
Ipreo is a premier global provider of high quality data, market intelligence, and productivity solutions to investment banking and corporate clients. With decades of experience serving the capital markets, and a reputation for superior customer service, Ipreo is both a dynamic innovator and a trusted resource. Ipreo has more than 600 employees and operations throughout the US, Europe, and Asia. Ipreo’s combined businesses have been servicing the capital markets for over 20 years. For more information, visit www.ipreo.com.
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $61.9 billion in assets under management as of June 30, 2011. With offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments. KKR complements its investment expertise and strengthens interactions with investors through its client relationships and capital markets platform. KKR is publicly traded on the New York Stock Exchange (NYSE: KKR).