Centerbridge to Acquire IPC Systems

We had some M&A news in the financial networking vertical yesterday. IPC Systems is changing hands, with Centerbridge Partners paying $1.2B or so to take it off the hands of Silver Lake Partners. 

IPC Systems offers communications and data services for traders around the world. They just recently got a new CEO as well, bringing former Global Crossing executive Neil Barua over from Silver Lake in February and making it permanent in August.

For a while, the world of financial networking was all-low-latency-all-the-time, but the pendulum has swung back the other way in recent years. IPC focuses on integrated solutions across the entire trade lifecycle.  They’re privately held of course, so we don’t know much about their financials.  However with a $1.2B price tag, they have to be doing reasonably well these days.

Silver Lake had owned IPC  Systems since 2006, when they bought it from Goldman Sachs for some $800M.  Goldman had bought the busienss from Global Crossing a few years before that of course.  Rumors that Silver Lake had been looking to sell had been percolating for a couple of months.  The purchase by Centerbridge should close in January of 2015.

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Categories: Low Latency