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Archive for Tag: Interactive data

Oct 28, 2015

ICE Preempts IDC IPO Paying More than 5x Revenue to Acquire Interactive Data

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On the morning of October 26, Intercontinental Exchange, Inc. (NYSE: ICE) announced that it has entered into an agreement to acquire Bedford, Massachusetts-based Interactive Data Holdings Corporation (“IDC”). According to the company, the transaction was valued at an enterprise value of $5.2bn or about 5.5x LTM revenue and 13.8x LTM EBITDA. Wow! We like IDC. They have a strong franchise in the data business for portfolio managers as well as several other market leading businesses. And there’s no question that this transaction is strategic for ICE. ICE will be able to tap into IDC’s wide array of fixed income data…

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