KKR has purchased capital-markets data provider, Ipreo, The Wall Street Journal reports. The U.S. private equity firm will pay $425 million in cash to another buyout firm, Veronis Suhler Stevenson for the acquisition.
New York-based Ipreo was advised by Barclays Capital and Bank of America Merrill Lynch on the deal. The transaction is expected to be completed in the third quarter 2011.
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