New York – August 05, 2011 – 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 global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions. By combining state-of-the-art new issuance systems with the premier global financial and investor data, Ipreo enables our capital markets clients to execute deals more efficiently, maximizing time and resources. Our applications include end-to-end bookbuilding systems, roadshow & conference management platforms, and electronic document delivery. Additionally, Ipreo’s suite of investor prospecting and CRM solutions offers the most accurate and comprehensive institutional contacts data and profiles in the industry. Ipreo is the only financial services provider to offer solutions across all asset classes for the Equity, Fixed Income, Municipal, and Syndicated Loan markets. Ipreo is a KKR portfolio company with nearly 700 employees supporting clients in every major financial center around the world. For more information, please go to 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). For additional information, please visit KKR’s website at www.kkr.com.
- For Ipreo
- Kate McKay
- Managing Director, Global Marketing & Communications
- For KKR
- Kristi Huller