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Interactive Data To Be Acquired By Silver Lake And Warburg Pincus

Following the completion of the transaction, valued at $3.4 billion, Interactive Data will remain headquartered in Bedford, Massachusetts and maintain its offices around the world.

Interactive Data Corporation, a provider of financial market data, analytics and related solutions, announced that it has agred to be acquired by investment funds managed by Silver Lake and Warburg Pincus in a transaction with a total value of $3.4 billion.

“With the support of Silver Lake and Warburg Pincus, I am confident that Interactive Data will take full advantage of its strong market position and the changes in technology and regulations that are shaping its industry,” Rona Fairhead, chairman of Interactive Data’s board of directors, said in a release.

Mike Bingle, managing director of Silver Lake, commented: "Interactive Data is an innovative leader in the information services industry, and our investment is a compelling addition to Silver Lake's portfolio of premier technology-enabled companies. Interactive Data and the services it provides are essential to enhancing efficiency and transparency in the flow of global financial data."

Following the completion of the transaction, Interactive Data will remain headquartered in Bedford, Massachusetts and maintain its offices around the world. The Company will continue to be led by its senior management team and expects to continue expanding its workforce over time.

The transaction has fully committed financing, consisting of a combination of equity to be invested by Silver Lake and Warburg Pincus and debt financing to be provided by Bank of America Merrill Lynch, Barclays Bank PLC, Credit Suisse Securities (USA) LLC and UBS Investment Bank. Silver Lake and Warburg Pincus are equal equity partners in this transaction.

Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio

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