IFLR1000

Intercontinental Exchange $5.2 billion acquisition of Interactive Data

14/12/2015
Acquisition finance, Investment grade bond/note issue, Public acquisition
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$ 5.2 billion

Completed

14/12/2015

Overview:

  • Global exchange and clearing house network Intercontinental Exchange (ICE) completed its $5.2 billion acquisition of financial information provider Interactive Data.
  • Interactive Data was sold by private equity firms Silver Lake Partners and Warburg Pincus.
  • ICE issued $2.5 billion in notes to help finance the purchase.
  • The deal was first announced in October, 2015.
  • Sullivan & Cromwell (John Evangelakos, Audra Cohen) and Potter Anderson Corroon (Michael Tumas, Michael Reilly) advised ICE.
  • Simpson Thacher & Bartlett (Richard Capelouto, Robert Langdon, Atif Azher, William Brentani, Jennifer Hobbs) advised Silver Lake and Warburg Pincus.

Kurt Stumpo - Journalist - North America and the Caribbean

Jurisdiction:

United States

Deal types:

Acquisition finance
Investment grade bond/note issue
Public acquisition

Practice areas:

Private equity
M&A

Governing law:

United States

Industry sector:

Financial services

Firms:
Potter Anderson & Corroon

Party: Intercontinental Exchange (Acquirer)

Simpson Thacher & Bartlett

Party: Silver Lake Partners (Seller)

Party: Warburg Pincus (Seller)

Sullivan & Cromwell

Party: Intercontinental Exchange (Acquirer)

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