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ICE to purchase Interactive Data for $5.2bn

First Published 26th October 2015

Intercontinental Exchange to buy Interactive Data Corporation from Silver Lake And Warburg Pincus in $5.2 billion cash and stock transaction.

Jeffrey C. Sprecher, ICE

Jeffrey C. Sprecher, ICE

"With IDC as the cornerstone in the next phase of extending our services, we will build on our track record of solid execution on integration and innovation."

Atlanta and New York - Intercontinental Exchange has entered into a definitive agreement to acquire financial data provider Interactive Data Corporation (IDC) from Silver Lake, the provider of technology investing, and Warburg Pincus, a private equity firm focused on growth investing.

The acquisition is valued at approximately $5.2 billion, including$3.65 billion in cash and $1.55 billion in ICE common stock, and builds on ICE's global market data growth strategy by expanding the markets served, adding technology platforms and increasing new data and valuation services.

"This transaction furthers our expansion into meeting the financial information needs of our market participants globally. With our diverse markets across virtually all asset classes, IDC will enable us to address more growth opportunities by leveraging the distribution and reach of our complementary global platforms for trading, clearing and data on a combined basis," said ICE chairman and CEO Jeffrey C. Sprecher. "With IDC as the cornerstone in the next phase of extending our services, we will build on our track record of solid execution on integration and innovation by focusing on the needs of our customers in the evolving data services marketplace."

"Today's announcement marks the next step in an exciting journey for IDC," said Stephen Daffron, Chief Executive Officer of IDC. "With ICE, we have the long-term capital, strategic support and collective set of relationships to further grow our company and evolve our platform in the rapidly-changing capital markets landscape. We have enjoyed our partnership with Silver Lake and Warburg Pincus and thank them for their contributions to our success, as well as for their leadership in several strategic and technological initiatives that strengthened the company's growth outlook."

"It has been our privilege to partner with IDC," said Mike Bingle, Managing Partner of Silver Lake and Jim Neary, Managing Director and a member of the Executive Management Group of Warburg Pincus. "Since our investment in 2010, the company has laid the foundation for long-term growth, by launching a state-of-the-art technology platform, developing innovative new products such as its cutting-edge real-time pricing solution and maintaining an unwavering focus on value for its clients. IDC is thrilled about its future with ICE, and its continued leadership in financial data services."