KKR Sells Ipreo to Blackstone, Goldman

Under the deal, KKR will continue to hold a minority stake in Ipreo, which was created in 2007 by the merger of fundamental data and investor relations provider Hemscott, i-Deal and Marketpipe (IMD, Jan. 1, 2007).

Ipreo sold Hemscott to research and data vendor Morningstar for $51.6 million in cash a year later (IMD, Jan. 4, 2008), but retained Hemscott's Bigdough database of financial industry contact data, and over the last three years has bought Debtdomain, a web-based systems for managing the bank loan syndication process, and financial services database Discovery Data, establishing new operations in Raleigh, North Carolina, and expanding its footprint globally.