IDC Goes Private for $3.4 Billion

Silver Lake Partners and Warburg Pincus have completed their take-private buyout of financial information provider Interactive Data Corp. The $22.86 per share deal valued IDC at approximately $3.4 billion.


IDC Buyout is Official, Company Valued at $3.4 Billion

LONDON (Reuters) – British media group Pearson Plc (PSON.L) agreed to sell its 61 percent stake in financial data provider Interactive Data (IDC) (IDC.N) for $2 billion in cash, which it will use for faster expansion and acquisitions. The sale is part of a deal under which the whole of IDC will be acquired by […]

Warburg Pincus, Silver Lake To Buy IDC for $3.1 Billion

PHILADELPHIA (Reuters) – Private-equity firms Warburg Pincus and Silver Lake Partners are close to buying Interactive Data Corp (IDC.N) for about $3.1 billion, a source familiar with the situation said on Sunday. The deal for IDC, the financial-market data provider controlled by publisher Pearson PLC, could be announced as early as Monday, said the source. […]

McGraw Hill Drops Out of IDC Auction

NEW YORK (Reuters) – McGraw-Hill Cos Inc (MHP.N), a textbook publisher and owner of the Standard & Poor’s ratings service, is dropping out of the auction for Interactive Data Corp (IDC.N), sources briefed on the matter said. Interactive Data, which sells financial information and analytical tools to banks and financial institutions, has been through one […]

Warburg Pincus Joins IDC Bid Team

LONDON (Reuters) – Private equity firm Warburg Pincus has joined a consortium working on a bid for Interactive Data Corp (IDC.N), a person familiar with the matter said, as suitors bolster their teams ahead of second round bids. Warburg Pincus has joined an effort by Hellman & Friedman and Silver Lake Partners to get hold […]

KKR, CVC Team Up for Interactive Data

NEW YORK/LONDON (Reuters) – Private equity firms Kohlberg Kravis Roberts & Co (KKR.AS) and CVC have teamed up to bid for Interactive Data Corp (IDC.N), yet another private equity team formed in recent weeks as an auction for the financial market data provider progresses, two sources familiar with the matter said. Interactive Data said in […]

Advent, Bain Team Up for IDC Bid

LONDON/NEW YORK (Reuters) – Private equity firms Advent International and Bain Capital are working together on a bid for financial market data provider Interactive Data Corp (IDC.N), a person familiar with the matter said on Friday. Advent and Bain teamed up after Pearson-controlled Interactive Data, which said in January it is reviewing strategic options, encouraged […]

IDC Bids Due in Mid-February

NEW YORK (Reuters) – Initial bids for Interactive Data Corp (IDC.N), the financial market data provider controlled by Pearson PLC (PSON.L), are due in mid-February, sources familiar with the situation said. Interactive Data has a market value of about $2.8 billion, based on Tuesday’s closing share price of $29.35 on the New York Stock Exchange. […]

Report: IDC Approaches Possible Buyers

(Reuters) Financial market data provider Interactive Data Corp (IDC.N) has approached potential bidders to see if they would be interested in buying the company, the Financial Times newspaper reported on Friday. IDC’s approaches to possible buyers are at an early stage, the newspaper said, citing unnamed people familiar with the situation. British publishing group Pearson […]

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