Simpson Thacher is representing Interactive Data Corporation (“IDC”), Warburg Pincus LLC and Silver Lake Partners in connection with IDC’s sale to Intercontinental Exchange (NYSE: ICE) (“ICE”) for approximately $5.2 billion, including $3.65 billion in cash and $1.55 billion in ICE common stock. The transaction is expected to close in the fourth quarter of 2015, subject to customary closing conditions.
IDC, owned by Warburg Pincus and Silver Lake, is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to our fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. IDC’s offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. IDC has over 2,400 employees in offices worldwide.
The Simpson Thacher team included Rich Capelouto, Robert Langdon, Atif Azher, Cara Angelmar, Mark Myott, Andrew Simon-Rooke, Tanvi Mirani and Casey Corr (Corporate); Bill Brentani, Caroline Newton, Kelli Schultz and Duncan Taylor (Capital Markets); Jennifer Hobbs (Banking and Credit); Jason Vollbracht and Noah Metz (Tax); Tristan Brown, Thomas Asmar and Leah Segall (Executive Compensation and Employee Benefits); Marcela Robledo, Michelle Morad and Robert Keele (Intellectual Property); and Timothy Mulvihill (Environmental).