Silver Lake, Warburg to sell IDC to Intercontinental Exchange for $5.2 bln

Intercontinental Exchange said Monday that it has agreed to buy Interactive Data Corp. (IDC) for about $5.2 billion. Silver Lake and Warburg Pincus are the sellers. Bedford, Massachusetts-based IDC provides financial market data, analytics and services to financial institutions and active traders. IDC shareholders will receive $3.65 billion in cash and $1.55 million in ICE shares. PE HUB reported Oct. 21 that ICE, along with Markit Group, submitted final bids for IDC. Wells Fargo Bank, National Association and Bank of America Merrill Lynch are providing financing. Broadhaven Capital Partners provided financial advice to ICE while Goldman, Sachs & Co. and Credit Suisse advised Interactive Data.

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