Morgan Lewis Advises IDC on $3.4 Billion Transaction
news source:Press Releases
Company’s sale is one of the largest post-financial crisis private equity deals to date
NEW YORK, May 4, 2010: Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics, and related solutions, today announced that it has entered into a definitive agreement to be acquired by investment funds managed by Silver Lake and Warburg Pincus in a transaction with a total value of $3.4 billion. Morgan Lewis advised IDC on the transaction—one of the largest private equity deals to take place since the financial crisis.
The Morgan Lewis team included Business and Finance M&A partners Charles Engros and Rob Dickey, aided by associates Eric Gallo and Shawmir Naeem; Antitrust partners Harry Robins and Scott Stempel; Tax partner Richard Zarin; Employee Benefits and Executive Compensation partner Gary Rothstein; Finance partners Patty Brennan and Richard Petretti; and Securities partner David Sirignano.
For additional details on the transaction, please see IDC’s press release at http://www.marketwatch.com/story/interactive-data-announces-agreement-to-be-acquired-by-silver-lake-and-warburg-pincus-in-a-transaction-valued-at-34-billion-2010-05-04?reflink=MW_news_stmp.
Richard S. Petretti, Charles E. Engros, Jr., David A. Sirignano, Richard S. Zarin, Eric A. Gallo, Patricia F. Brennan, Gary S. Rothstein, Shawmir Naeem, Scott A. Stempel, Harry T. Robins, Robert W. Dickey