Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., Credit Suisse Securities LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, and RBC Capital Markets, LLC, as joint book-running managers, in connection with a Rule 144A/Regulation S offering of $185 million aggregate principal amount of 7.250% senior notes due 2022 by Infinity Acquisition, LLC and Infinity Acquisition Finance Corp. The proceeds of the notes offering were placed into an escrow account and, together with an equity contribution and the proceeds of new senior secured credit facilities, will be used to fund the acquisition of Ipreo Holdings LLC by funds affiliated with The Blackstone Group L.P. and Goldman Sachs’s merchant banking division. The notes, upon consummation of the acquisition, will be guaranteed by Ipreo and certain of its subsidiaries. 

Ipreo is one of the leading providers of technology solutions, data and market intelligence to participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions. Ipreo serves all major investment banks, over 750 small and medium-sized financial firms and over 1,250 corporate clients across multiple geographies.  

The Davis Polk capital markets team included partners Michael Kaplan and Byron B. Rooney, and associates Elina M. Lae and Gabriel A. de Corral. The credit team included partner James A. Florack and associates Jeong M. Oh and Novika Ishar. Senior counsel Samuel Dimon, partner Harry Ballan and associate Dao Fu provided tax advice. Sorina Delia Lazar was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.