The deal, which is expected to close in January, will enable IPC to "capitalize on its growth opportunities," company officials say in a statement.
IPC was advised by Evercore and Goldman Sachs, while Centerbridge was advised by Barclays and Credit Suisse Securities, which are also providing debt financing for the deal.
Silver Lake acquired IPC for $800 million in 2006 (Sell-Side Technology, Aug. 7, 2006).
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails