Blackstone, Goldman Sachs to Buy Software Company Ipreo From KKR

Apr 14, 2014 10:01 am ET

April 14 (Bloomberg) -- Blackstone Group LP and Goldman Sachs Group Inc.’s merchant banking unit have agreed to buy Ipreo Holdings LLC from KKR & Co., according to a statement.

KKR will retain a minority ownership in the business, which provides new issuance software and market data and analytics to banks, according to today’s statement. Terms of the transaction weren’t disclosed.

“Together with KKR, we have grown significantly and solidified our leadership in capital markets software, and data and analytics services. We are excited to partner with Blackstone, Goldman Sachs and KKR in our next phase of development,” Scott Ganeles, chief executive officer of Ipreo, said in the statement.

Bloomberg LP competes with Ipreo in providing initial public offering data.