KKR Plans $425M Ipreo Buy

Kohlberg Kravis Roberts & Co. is expected to pay $425 million to buy Ipreo Holdings, a provider of capital-markets data for financial institutions, Reuters reported, citing an article in the Wall Street Journal. The firm will buy Ipreo from Veronis Suhler Stevenson. Ipreo was formed by the merger of i-Deal and Hemscott in 2006, with the backing of Veronis, Merrill Lynch and Citigroup, Reuters wrote.

(Reuters) – Private-equity firm Kohlberg Kravis Roberts & Co is expected to buy Ipreo Holdings LLC, a provider of capital-markets data to banks and financial institutions, from peer Veronis Suhler Stevenson LLC for $425 million in cash, the Wall Street Journal said, citing people familiar with the situation.

The deal could be announced as early as Monday, the newspaper reported.

KKR sees strong growth opportunities at Ipreo and the deal allows the private equity firm to turn the capital-markets data provider into a bigger and more global company, the report said.

Ipreo was formed by the merger of i-Deal and Hemscott in 2006, with the backing of Veronis, Merrill Lynch and Citigroup.

Kohlberg Kravis Roberts and Ipreo did not immediately respond to requests seeking comment.

New York-based Ipreo operates in the United States, Europe and Asia and has more than 600 employees.

(Reporting by Renju Jose in Bangalore)