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KKR could double money in $975m Ipreo exit to Blackstone, Goldman

14 Apr 2014

data_software_binaryUS private equity house KKR is reportedly set to sell capital markets data business Ipreo to Blackstone and Goldman Sachs’ investment arm in a $975m deal.

KKR picked up Ipreo for about $425 in an all-cash deal in 2011, picking up the asset from media-focused Veronis Suhler Stevenson.

The exit could be announced as early as today according to the Financial Times, which cited people familiar with the matter.

Ipreo provides market intelligence, deal execution platforms and investor communication tools to investment banks and corporations around the world.

Earlier this month it emerged KKR was looking to raise $2bn for its new infrastructure fund.

KKR Global Infrastructure Investors II will invest in renewable energy, pipelines, utilities and transportation-related assets, said Bloomberg, citing people with knowledge of the plans.

The new fund is expected to be twice as large as KKR’s previous infrastructure-focused vehicle closed in 2012.

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