IHS Markit to Pay Blackstone, Goldman $1.9 Billion for Ipreo (2)

IHS Markit Ltd., a provider of financial data, will pay around $1.9 billion to acquire its smaller rival Ipreo from funds managed by Blackstone Group LP and Goldman Sachs Group Inc.

Ipreo provides information to firms raising capital and the transaction is the latest in the financial-data sector, which has been increasing in size. In January, a group led by Blackstone agreed to buy a majority stake in Thomson Reuters Corp.’s financial and risk unit in a deal that valued the business at $20 billion.

The Ipreo sale should be completed in the second half of this year subject to ...