Market Overview

IHS Markit Completes Acquisition of Ipreo

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  • Business information company adds a leading provider of software
    solutions and data in global capital markets
  • Ipreo expands IHS Markit business and customer base in financial
    services and wide variety of industries

IHS
Markit
(NASDAQ:INFO), a world leader in critical information,
analytics and solutions, has completed its $1.855 billion acquisition of
Ipreo, a leading financial services solutions and data provider.
Previously, IHS Markit had announced its intent to acquire Ipreo from
private equity funds managed by Blackstone (NYSE:BX) and from the
Goldman Sachs Merchant Banking Division on May 21, 2018; closing
occurred today, August 2, 2018.

"We are moving quickly to integrate the IHS Markit and Ipreo services
across multiple business lines to provide greater value to our
customers," said Lance
Uggla
, chairman and CEO of IHS Markit. "We look forward to seeing
them benefit from our combined data, intelligence and workflows."

"With the combination of IHS Markit and Ipreo, we are bringing together
businesses with strong adjacencies and a large combined opportunity,"
said Adam
Kansler
, president of financial services for IHS Markit. "In
addition to expanding our core businesses, we are especially excited
about our potential to grow in the alternatives segment with a focus on
delivering tools for greater transparency and efficiency."

"Having worked together on the integration planning since May, it is
clear that our teams have a lot in common," said Kevin Marcus, formerly
president and COO of Ipreo and now head of the Ipreo businesses for IHS
Markit. "There is a real focus on client service coupled with deep
product expertise. As we combine our go-to-market strategies, we are
excited by the potential to develop leading-edge solutions and connect
market participants at scale."

Ipreo supports all market participants in the capital-raising process,
including banks, public and private companies, institutional and
individual investors as well as research, asset management and wealth
management firms. Its products and services equip clients with critical
information and tools for more effective decision-making and more
efficient workflow, minimizing the increasing costs and complexities of
operating in the capital markets.

Financial details

Barclays acted as lead financial advisor and HSBC was financial advisor
to IHS Markit for the Ipreo acquisition. Davis Polk acted as legal
adviser to IHS Markit. HSBC served as sole lead arranger and book runner
for the acquisition's committed debt financing. Davis Polk & Wardwell
LLP acted as legal advisor.

About IHS Markit (www.ihsmarkit.com)

IHS Markit (NASDAQ:INFO) is a world leader in critical information,
analytics and solutions for the major industries and markets that drive
economies worldwide. The company delivers next-generation information,
analytics and solutions to customers in business, finance and
government, improving their operational efficiency and providing deep
insights that lead to well-informed, confident decisions. IHS Markit has
more than 50,000 business and government customers, including 80 percent
of the Fortune Global 500 and the world's leading financial institutions.

IHS Markit is a registered trademark of IHS Markit Ltd. and/or its
affiliates. All other company and product names may be trademarks of
their respective owners © 2018 IHS Markit Ltd. All rights reserved.

Forward-Looking Statements

This communication contains "forward-looking statements" within the
meaning of the federal securities laws, including Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. In this context, forward-looking
statements often address expected future business and financial
performance and financial condition, and often contain words such as
"expect," "anticipate," "intend," "plan," "project," "estimate,"
"believe," "seek," "see," "may," "will," "intend," "would," "should,"
"could," "target," "aim" and similar expressions, variations or
negatives of these words, and the use of future tense. Forward-looking
statements by their nature address matters that are, to different
degrees, uncertain, such as statements about the consummation of the
proposed transactions and the anticipated benefits thereof. Without
limiting the generality of the foregoing, forward-looking statements
contained in this communication may include the expectations of
management regarding plans, strategies, objectives and anticipated
financial and operating results of IHS Markit. IHS Markit's estimates
and forward-looking statements are mainly based on its current
expectations and estimates of the proposed transactions and of future
events and trends, which affect or may affect its businesses and
operations. Although IHS Markit believes that these estimates and
forward-looking statements are based upon reasonable assumptions, they
are subject to several risks and uncertainties and are made in light of
information currently available to IHS Markit. These and other
forward-looking statements, including the failure to consummate the
proposed transactions or to make or take any filing or other action
required to consummate such transactions on a timely matter or at all,
are not guarantees of future results and are subject to risks,
uncertainties and assumptions that could cause actual results to differ
materially from those expressed in any forward-looking statements.
Important risk factors that may cause such a difference include, but are
not limited to, those risks discussed in IHS Markit's most recent annual
report on Form 10-K and subsequent quarterly reports on Form 10-Q, along
with its other filings with the US Securities and Exchange Commission
(the "SEC"), which are available at www.sec.gov
or on the investor relations section of its website, www.ihsmarkit.com,
and (i) the completion of the proposed transactions on anticipated terms
and timing, including obtaining regulatory approvals, potential
accretion, anticipated tax treatment, unforeseen liabilities, future
capital expenditures, revenues, expenses, earnings, synergies, benefits,
operating efficiencies, economic performance, indebtedness, financial
condition, losses, future prospects, business and management strategies
for the management, expansion and growth of IHS Markit's operations, and
other conditions to the completion of the proposed transactions; (ii)
expectations regarding continued availability and terms of capital and
financing, including financing required to consummate the proposed
transactions, rating agency actions, and debt repayments; (iii) the risk
that disruptions from the proposed transactions will harm IHS Markit's
business, including current plans and operations; (iv) the ability of
IHS Markit to complete the integration or separation of the proposed
transactions, including retaining and hiring key personnel; (v)
potential business uncertainty, including changes or adverse reactions
to existing business and customer relationships, from the announcement,
during the pendency and after completion of the proposed transactions;
and (vi) the potential negative effects of the announcement of the
proposed transactions on the market price of IHS Markit's common shares.
While the list of factors presented here and in IHS Markit's filings is
considered representative, no such list should be considered to be a
complete statement of all potential risks and uncertainties. Other
factors may present significant additional obstacles to the realization
of forward looking statements. Consequences of material differences in
results as compared with those anticipated in the forward-looking
statements could include, among other things, business disruption,
operational problems, financial loss, legal liability to third parties
and similar risks, any of which could have a material adverse effect on
IHS Markit's consolidated financial condition, results of operations,
credit rating or liquidity. IHS Markit does not assume any obligation to
publicly provide revisions or updates to any forward-looking statements,
whether as a result of new information, future developments or
otherwise, should circumstances change, except as otherwise required by
securities and other applicable laws. You are cautioned not to place
undue reliance on these forward-looking statements, which speak only as
of the date of this communication. All forward-looking statements are
qualified in their entirety by this cautionary statement.

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