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.