IHS Markit is to buy Ipreo, a fast-growing data provider, for $1.86bn from Blackstone and Goldman Sachs as part of a broad reboot for its financial services unit. The UK-based data provider wants to lift organic growth targets at the subsidiary, which provides indices and data for hard-to-value assets and accounts for a third of group turnover. IHS, which competes with Thomson Reuters and Bloomberg, said on Monday it would also sell its struggling MarkitServ business, which processes derivatives trades. Blackstone, a US private equity house, and Goldman Sachs Merchant Banking, which manages private capital, jointly bought Ipreo from KKR, another private equity group, for $975m four years ago.

https://www.ft.com/content/cfc26618-5cdf-11e8-9334-2218e7146b04