Silver Lake Sells IPC to Centerbridge for $1.2Bn

Business handshake

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).

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