Financial Institutions Move Closer to Realizing a Blockchain Solution for Syndicated Loans

Successful loans project makes blockchain promise a reality

New York – March 30, 2017 –Synaps Loans LLC announced the successful demonstration of the first working blockchain solution for syndicated loan servicing. R3’s Lab and Research Center managed the proof-of-concept testing of the system, which was exclusively developed by Synaps, a joint venture of Ipreo and Symbiont. Credit Suisse helped arrange the project, which included participation from key agent banks, service providers, and fund managers.

Synaps combines Symbiont’s leading smart contract technology and Ipreo’s new business process solution to help speed loan trade settlement. Nineteen firms participated in the demonstration, including Barclays, BBVA, Danske Bank, LSTA, Royal Bank of Scotland, Scotiabank, Societe Generale, State Street Corporation, TenDelta LLC, U.S. Bank, and Wells Fargo. Influential buy-side firms AllianceBernstein (AB), Eaton Vance Management, KKR, and Oak Hill Advisors were also involved in the initiative.

“Synaps now has the majority of the functionality needed to implement blockchain technology at scale in the syndicated loan market, which enables us to move into the final stages of development,” said Emmanuel Aidoo, head of the distributed ledger and blockchain effort at Credit Suisse. “Over the coming months we will work with Symbiont and Ipreo to implement the remaining functions to allow for distributed ledger technology to support a syndicated loan facility from origination to payoff, and work toward market adoption. The technical and market expertise that the project participants brought to the table means this solution will be tailor-made for use in live transactions.”

Robert Berk, Senior Vice President and Chief Operating Officer at U.S. Bank Capital Markets said, “The hugely successful testing of this technology has proven it can drive transparency and efficiency in the syndicated loan market. There are clear benefits to borrowers, agents, and asset managers. This is certainly the most automated market solution we’ve seen to date.”

Joseph Salerno, MD of Loan Trade Settlement at Ipreo and CEO of Synaps Loans said, “The project participants provided invaluable subject matter expertise from a wide range of perspectives: agent, dealer, fund manager, and custodian/trustee. This enabled us to design a system that delivers value for the entire loan market.”

“With this project we have proven that smart contracts can revolutionize the entire lifecycle of a loan, from creation to settlement in secondary trading,” said Mark Smith, Co-Founder and CEO of Symbiont. “Fifteen different parties played roles in the final demo, executing bespoke and complex tasks on-platform. We look forward to working with these parties to deploy the technology in production.”

Tim Grant, CEO of R3’s Lab and Research Center, commented, “The successful completion of such a major project involving a large group of firms is testament to the working environment we have built at R3. In less than two years we have become the financial services industry’s center of gravity for collaboration and innovation in distributed ledger technology. We work with our members to ask the difficult questions, mutualize experience and resources, evaluate technology with an independent perspective, and support the delivery of real-world distributed ledger applications.”

“We’ve prioritized this as a use-case because we see great potential benefits for leveraging blockchain for the syndicated loans market, as it is an important asset class for our clients,” said John Burnett, head of blockchain development for State Street. “We feel confident that this solution is the right one to take live and we look forward to further advancement of this pilot with these organizations.”

“A block chain-based solution has the potential to vastly reduce loan settlement times from current levels,” said John Mack, Managing Director, Operations & Client Accounting at Oak Hill Advisors.

“This proof-of-concept takes a significant step toward a new syndicated loan operating paradigm, and R3’s and Synaps’ ability to garner collaboration amongst competitors is a tribute to the thirst for this paradigm shift. The future of the syndicated loan space will be very interesting,” said Chad Freeburg, Senior Consultant at TenDelta LLC.

Through Synaps, loan investors have direct access to an authoritative system of record for syndicated loan data. This yields immediate savings by reducing manual reviews, data re-entry, and systems reconciliation.

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Credit Suisse AG
Credit Suisse AG is one of the world’s leading financial services providers and is part of the Credit Suisse group of companies (referred to here as ‘Credit Suisse’). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 47,170 people. The registered shares (CSGN) of Credit Suisse’s parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

R3
R3 is leading a consortium with over 80 banks, clearing houses, exchanges, market infrastructure providers, asset managers, central banks, conduct regulators, trade associations, professional services firms and technology companies to develop groundbreaking commercial applications of distributed ledger technology for the financial services industry. Operating in nine countries from all regions of the world, the R3 team is made up of financial industry veterans, technologists, and new tech entrepreneurs, bringing together expertise from electronic financial markets, cryptography and digital currencies.

Synaps Loans LLC
Synaps Loans LLC (www.synapsloans.io) is using distributed ledger and smart contract technology to transform data management and trade settlement in the syndicated-loan market. Synaps is a joint venture of Ipreo (www.ipreo.com), a leading global provider of financial services technology, data and analytics, and Symbiont (www.symbiont.io), which is bridging the gap between the emerging blockchain ecosystem and Wall Street.

Symbiont
Symbiont is the market-leading smart contracts platform for institutional applications of distributed ledger technology. Disclosed users of its platform include nineteen financial institutions for Smart Loans™, arranged by Credit Suisse and executed via Synaps, its syndicated loans joint venture with Ipreo; the State of Delaware for Smart Records™; a major European insurance company for Smart Swaps™ in the catastrophe insurance market, and Orebits, a provider of asset digitization services.

Ipreo
Ipreo is a leading global provider of financial services technology, data and analytics. We support all 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. Our unique, cross-asset class solutions equip our clients with the information and tools they need for more effective decision-making and a more efficient workflow. Ipreo is private-equity held by Blackstone and Goldman Sachs Merchant Banking Division, and has more than 1000 employees serving clients in every major financial hub around the world. Visit www.ipreo.com for more info.

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Candice Sun, Credit Suisse AG, +1 212 325 8226, candice.sun@credit-suisse.com
Nick Warren/Ellie McFatridge, for R3, +44 (0)207 440 9780, contact@chatsworthcommunications.com
Grace Keith, for Ipreo and Synaps, +1 202 294 2529, grace@calibercorporate.com
Joe McGurk, for Symbiont, +1 917 524 5132, joe.mcgurk@aspectuspr.com

Blockchain Demonstration Shows Potential Loan Market Improvements

Credit Suisse, Ipreo, Symbiont, R3 Convene Proof of Concept for Syndicated Loan Efficiencies

Credit Suisse, Ipreo, Symbiont and R3 announced the successful initial stage completion of a project to demonstrate how blockchain technology can be used to improve the syndicated loan market. The proof of concept will continue through the end of the year and includes participation from a number of agent banks, service providers and fund managers.

The project was arranged by Credit Suisse, is being managed by R3 in its Lab and Research Center, and utilizes technology solutions from Synaps Loans LLC, a recently formed partnership combining Symbiont’s leading smart contract technology with Ipreo’s new business process solution to speed loan trade settlement. Participants who collaborated and brought important market knowledge, process experience and testing resources to the project include R3 consortium members BBVA, Danske Bank, Royal Bank of Scotland, Scotiabank, Société Générale, State Street, U.S. Bank and Wells Fargo. Influential buy-side firms AllianceBernstein (AB), Eaton Vance Management, KKR and Oak Hill Advisors are also involved in the initiative.

“This project demonstrates the potential for blockchain technology to fundamentally reshape the syndicated loan market and the capital markets more broadly,” said Emmanuel Aidoo, head of the distributed ledger and blockchain effort at Credit Suisse. “This demonstration sets us on a path to increase efficiency and reduce costs, which will benefit banks and clients alike. By connecting a network of agent banks through blockchain, we can achieve faster and more certain settlements in the loan market.”

“We are demonstrating that distributed ledger technology can be put to work now,” said Joseph Salerno, a Managing Director at Ipreo and CEO of Synaps Loans LLC. “Our solution addresses actual use cases and meets production standards for maintainability, security, privacy and throughput.”

“Smart contracts can revolutionize the entire lifecycle of a loan, from creation to settlement in secondary market trading, ” said Mark Smith, CEO and Co-founder of Symbiont. “The payoff isn’t just cost savings, but the potential to create entirely new business opportunities for financial institutions.”

“Blockchain has the potential to change the loan issuance and servicing lifecycle,” said Antoine Shagoury, Executive Vice President and Global Chief Information Officer, State Street. “Pursuing new opportunities through testing and development is an important aspect of our digital strategy. We know, however, that many of the true desired benefits of Blockchain, for this application and others which require network participation, can only be achieved through industry collaboration and so we are thrilled by the prospect of playing a role in taking this proof of concept into the pilot phase with our industry peers.”

“There’s been a lot of hype around how distributed ledgers will drive efficiencies in the syndicated loan space,” said Robert Berk, Senior Vice President and Chief Operating Officer, U.S. Bank Capital Markets. “We’re excited to prove the technology works with players throughout the loan ecosystem to truly understand its value.”

Through Synaps, loan investors have direct access to an authoritative system of record for syndicated loan data. This yields immediate savings by reducing manual reviews, data re-entry and systems reconciliation. In the future, loan data processing can be done exclusively on the distributed ledger, eliminating the cost for each market participant to maintain its own separate lending system.

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Credit Suisse AG
Credit Suisse AG is one of the world’s leading financial services providers and is part of the Credit Suisse group of companies (referred to here as ‘Credit Suisse’). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 47,180 people. The registered shares (CSGN) of Credit Suisse’s parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
Copyright © 2016, CREDIT SUISSE GROUP AG and/or its affiliates. All rights reserved.

About R3
R3 is leading a consortium with over 60 of the world’s largest financial institutions to develop ground-breaking commercial applications for the financial services industry that leverage the appropriate elements of distributed and shared ledger technology. Operating in New York, London and San Francisco, the R3 team is made up of financial industry veterans, technologists, and new tech entrepreneurs, bringing together expertise from electronic financial markets, cryptography and digital currencies. The R3 Lab and Research Centre has quickly become a centre of gravity for collaborative research and testing of distributed and shared-ledger inspired technologies, and is where R3 works with its partners to define, design and deliver the next generation of financial infrastructure.

About Synaps Loans LLC
Synaps Loans LLC (www.synapsloans.io) is using distributed ledger and smart contract technology to transform data management and trade settlement in the syndicated-loan market. Synaps is a joint venture of Ipreo (www.ipreo.com), a leading global provider of financial services technology, data and analytics, and Symbiont (www.symbiont.io), which is bridging the gap between the emerging blockchain ecosystem and Wall Street.

About Symbiont
Symbiont is bridging the gap between the blockchain ecosystem and Wall Street. It has developed a platform that allows financial market participants to create programmable versions of traditional securities that take the form of Smart Securities™: self-executing digital contracts that are stored in a distributed ledger called a “blockchain.” The platform allows users to issue, manage, locate, and trade Smart Securities™ efficiently in a single, global, peer-to-peer financial network. www.symbiont.io

About Ipreo
Ipreo is a leading global provider of financial services technology, data and analytics. We support all 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. Our unique, cross-asset class solutions equip our clients with the information and tools they need for more effective decision-making and a more efficient workflow. Ipreo is private-equity held by Blackstone and Goldman Sachs Merchant Banking Division, and has more than 1000 employees serving clients in every major financial hub around the world. Visit www.ipreo.com for more info.

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Nicole Sharp, Credit Suisse AG, telephone +1 212 325 5200
Patrick Sutton, for Symbiont, +1 646 558 6277
Nick Warren/Ellie McFatridge, for R3, +44 (0)207 440 9780
Grace Keith, for Ipreo, +1 202 294 2529

Ipreo and Symbiont Partner in Industry Blockchain Initiative

Smart contracts to dramatically reduce loan settlement time.

March 3, 2016, New York, NY; Ipreo and Symbiont announced today that they are creating a new company to overhaul antiquated and costly manual processing in the $3 trillion global syndicated loans market. By integrating Ipreo’s latest loan settlement platform and Symbiont’s smart contracts, the new business will deliver fully-automated settlement and maintenance, generating tens of millions of dollars in potential annual savings.

Settlement periods of 20 business days or more threaten the continued growth of the loan market. For the sell-side, the delays tie up precious capital. For the buy-side, settlement uncertainty confounds cash management and necessitates costly credit lines.

Ipreo is the only technology provider to enable new issue workflow across the equity, fixed income, municipal and syndicated loan markets. The top 10 bank arrangers use its existing syndicated loan platform, while the top 20 tier-one investment banks are clients of the firm.

Ipreo will contribute LTS, a recently developed loan settlement platform that incorporates a patented process. Its innovative solution brings securities lending to the loan market, facilitating borrows when sellers don’t have the loan asset available for scheduled settlement.

Symbiont is contributing its blockchain expertise and development of ‘SmartLoans’, the first smart contracts for the loan market. Smart contracts eliminate the need for third-party intervention, in contrast to token-based blockchain efforts that merely provide incremental efficiencies to the ledger system currently used.

“We are delighted to be working with Symbiont to create an industry-wide solution to the loan settlement problem,” said Kevin Marcus, President and COO of Ipreo. “With LTS, we addressed the legal and process problems that have plagued loan trade settlement. Our joint venture with Symbiont marries this solution with the transformative power of blockchain technology.”

The new business, to be named, will be headed by Joe Salerno, a 25-year industry veteran who currently heads loan trade settlement at Ipreo. Robby Dermody, co-founder of Symbiont, will be COO.

“There’s a lot of talk about blockchain but little evidence yet of digital transformation on the front lines, so it’s great to lead the way,” said Mark Smith, CEO and co-founder of Symbiont. “Ipreo is a perfect partner. Unlike some of the more vocal blockchain start-ups, it has an established track record and already plays a vital role in the smooth operation of the loan markets.”

Syndicated loans have a record unsettled exposure of more than $70 billion, over twice that of high-yield bonds.

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ABOUT IPREO
Ipreo is a leading global provider of financial services technology, data and analytics. We support all 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. Our unique, cross-asset class solutions equip our clients with the information and tools they need for more effective decision-making and a more efficient workflow. Ipreo is private-equity held by Blackstone and Goldman Sachs Merchant Banking Division, and has more than 1000 employees serving clients in every major financial hub around the world.

ABOUT SYMBIONT
Symbiont is bridging the gap between the emerging blockchain ecosystem and Wall Street. We are developing a platform that allows financial market participants to create programmable versions of traditional securities that take the form of Smart Securities™: self-executing digital contracts that are stored in a distributed ledger called a “blockchain.” The platform will allow users to issue, manage, locate, and trade smart securities™ efficiently in a single, global, peer-to-peer financial network. www.symbiont.io

IPREO MEDIA CONTACT:
Kate McKay
Ipreo
kate.mckay@ipreo.com
+1 212 849 5060

SYMBIONT MEDIA CONTACT:
Patrick Sutton
Paragon Public Relations
Patrick@paragonpr.com
+1 646 558 6277

Ipreo Launches Patented Loan Trade Settlement System

Reduces settlement times to 3 days

New York – September 28, 2015 – Ipreo, a leading global provider of market intelligence and productivity solutions to corporate and financial services professionals, has launched a comprehensive system designed to reduce loan trade settlement times to just three days. Ipreo’s system combines settlement services and software with a pioneering advance that, for the first time, makes the practice of securities lending available for syndicated loans, enabling sellers to borrow syndicated loans to deliver on time to their buyers.

Ipreo delivers its syndicated-loan lending program under a license to US patent #8,781,941, “Method and Apparatus for Conducting Loan Repurchase Transactions,” which was issued to Goldman, Sachs & Co. on July 15, 2014.

“We are proud to offer an innovative new mechanism to improve settlement in this important capital market,” stated Scott Ganeles, CEO of Ipreo. “When we entered the syndicated loans market a few years ago through the acquisition of Debtdomain, we were surprised to see that loan trades still took weeks to settle. So we set an aggressive goal of T+3, and our team delivered.”

The Ipreo system includes online tools and support services for administrative agent banks that accelerate what has been a weeks-long settlement process. Senior Managing Director at Blackstone, Martin Brand, added, “We are excited by Ipreo’s groundbreaking systems to improve secondary liquidity for the loan industry, which has endured unnecessarily slow settlement times for many years.”

Ipreo’s Loan Trade Settlement system can be reached at www.lts.ipreo.com.

About Ipreo
Ipreo is a leading global provider of financial services technology, data and analytics. We support all 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. Our unique, cross-asset class solutions equip our clients with the information and tools they need for more effective decision-making and a more efficient workflow. Ipreo has more than 900 employees serving clients in every major financial hub around the world.

Press Contacts:

Kate McKay
EVP & MD, Marketing
Ipreo
+1 212 849 5060
kate.mckay@ipreo.com

Grace Keith
Director, Public Relations
Caliber Corporate Advisers
+888 550 6385 x3
grace@calibercorporateadvisers.com

Blackstone and Goldman Sachs Merchant Banking Division Complete Acquisition of Ipreo

New York – August 6, 2014 – Ipreo Holdings LLC (“Ipreo”), a leading global provider of market intelligence and workflow solutions to capital markets and corporate professionals, announced the completion of its acquisition by private equity funds managed by Blackstone (NYSE:BX) and by the Goldman Sachs Merchant Banking Division (“Goldman Sachs”) (together, the “Sponsors”). The Sponsors have acquired the business from affiliates of Kohlberg Kravis Roberts & Co. L.P. (“KKR”). Terms of the transaction were not disclosed.

“Ipreo is an extraordinary company with tremendous potential for growth,” said Martin Brand, Senior Managing Director of Blackstone. “We are pleased to partner alongside management and Goldman Sachs to position Ipreo for continued innovation and success.”

“Ipreo has a long track-record of impressive performance across all the markets it serves. We are excited to help the company achieve new levels of market leadership, alongside our new partners,” said Sumit Rajpal, Global Head of Financial Services Investing for the Goldman Sachs Merchant Banking Division.

Ipreo is a leading global provider of market intelligence, new issuance software, and investor communication tools to investment banks and public companies. It is the only provider of capital markets solutions across the equity, fixed income, municipal, and syndicated loan markets. Ipreo’s extensive suite of corporate investor relations services provides corporate clients with unparalleled cross-asset class shareholder intelligence and analytics. Ipreo is especially known for its Bigdough database, widely recognized as the leading source for institutional contact data and investor profiles, relied upon by capital markets and corporate professionals alike. Ipreo clients include the world’s leading investment banks and hundreds of corporations listed on all the major exchanges around the globe.

“We are very excited to partner with Blackstone and Goldman Sachs in our next phase of development,” said Scott Ganeles, Chief Executive Officer of Ipreo. “The weeks of working together towards closing have only strengthened our view that both firms bring the experience, relationships, and market expertise to support not only our growth as a company but also our ability to bring new and enhanced services to our clients.”

About Ipreo

Ipreo is a global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions. From new issuance through ongoing investor management, our unique solutions drive connectivity and efficiency throughout all stages of the capital-raising process. Ipreo has more than 800 employees supporting clients in every major financial center around the world. For more information, please go to www.ipreo.com.

About Blackstone

Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds, and multi asset class exposures falling outside of other funds’ mandates. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

About the Goldman Sachs Merchant Banking Division

The Merchant Banking Division of Goldman Sachs is one of the leading private equity investors in the world, having invested and committed approximately $45 billion of equity capital in over 650 companies globally across its corporate equity investing business. The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. For more information on Goldman Sachs, please visit http://www.gs.com.

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Press Contacts:

For Ipreo:
Kate McKay
+1.212.849.5060
kate.mckay@ipreo.com

For Blackstone:
Christine Anderson
+212.583.5182
christine.anderson@blackstone.com

For Goldman Sachs Merchant Banking:
Andrew Williams
+212.902.5400
andrew.williams@gs.com

Blackstone and Goldman Sachs Merchant Banking Division to Acquire Ipreo from KKR

New York – April 14, 2014 – Ipreo Holdings LLC (“Ipreo”), a leading global provider of market intelligence and workflow solutions to capital markets and corporate professionals, announced the signing of a definitive agreement to be acquired by private equity funds managed by Blackstone (NYSE:BX) and by the Goldman Sachs Merchant Banking Division (“Goldman Sachs”) (together, the “Sponsors”). The Sponsors are acquiring the business from affiliates of Kohlberg Kravis Roberts & Co. L.P. (“KKR”), who will retain a minority ownership stake in the business. Terms of the transaction were not disclosed.

Ipreo is a leading global provider of new issuance software solutions across the equity, fixed income, municipal, and syndicated loan markets, including bookbuilding systems, roadshow & conference management platforms, and electronic document delivery. Ipreo’s extensive suite of investor relations services provides corporate clients with unparalleled cross-asset class surveillance, shareholder analysis, investor targeting, perception studies, proxy solicitation and transaction analytics. Ipreo is especially known for its Bigdough database, widely recognized as the leading source for institutional contact data and investor profiles, which is available via a suite of sophisticated CRM and prospecting applications and relied upon by both capital markets and investor relations professionals.

“Together with KKR, we have grown significantly and solidified our leadership in capital markets software, and data and analytics services. We are excited to partner with Blackstone, Goldman Sachs and KKR in our next phase of development,” said Scott Ganeles, Chief Executive Officer of Ipreo. “Our new investors bring a complementary set of experience, relationships, and in-market expertise that will help support the growth of the business and will allow us to provide our customers with accelerated access to new market-leading products.”

“The Ipreo executive team has done a remarkable job building Ipreo’s leading product portfolio and strong market position. We are pleased to have the opportunity to partner alongside management, Goldman Sachs and KKR,” said Martin Brand, Senior Managing Director of Blackstone. “We look forward to working with Ipreo and positioning it for continued innovation and success.”

“Ipreo is a world-class organization, and Goldman Sachs Merchant Banking is delighted to be an investor in the company. We are looking forward to helping maximize Ipreo’s growth potential alongside our new partners,” said Sumit Rajpal, Global Head of Financial Services Investing for the Goldman Sachs Merchant Banking Division.

Over the last three years since KKR’s initial investment, Ipreo has seen tremendous growth. The company has grown revenues by approximately fifty percent, undertaken strategic acquisitions of Debtdomain and Discovery Data that have enabled it to expand its offerings to customers, established new operations with a sizable employee base in Raleigh, North Carolina, and significantly expanded its footprint globally.

Ipreo was advised by BofA Merrill Lynch, Morgan Stanley, and Citigroup. Legal counsel was provided to Ipreo and KKR by Simpson Thacher & Bartlett.

The Sponsors were advised by Blackstone Advisory Partners, Goldman, Sachs & Co. and Marlin & Associates; and financing for the transaction is being led by Goldman Sachs & Co. and BofA Merrill Lynch, with Credit Suisse, Deutsche Bank, Morgan Stanley and RBC Capital Markets also participating. Legal counsel was provided to the Sponsors by Davis Polk & Wardwell, Fried Frank and Kirkland & Ellis.

About Ipreo
Ipreo is a global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions. From new issuance through ongoing investor management, our unique solutions drive connectivity and efficiency throughout all stages of the capital-raising process. Ipreo has more than 700 employees supporting clients in every major financial center around the world. For more information, please go to www.ipreo.com

About Blackstone
Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds, and multi asset class exposures falling outside of other funds’ mandates. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

About the Goldman Sachs Merchant Banking Division The Merchant Banking Division of Goldman Sachs is one of the leading private equity investors in the world, having invested and committed approximately $45 billion of equity capital in over 650 companies globally across its corporate equity investing business. The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. For more information on Goldman Sachs, please visit www.gs.com

Press Contacts:

For Ipreo:
Kate McKay
+1.212.849.5060
kate.mckay@ipreo.com

For Blackstone:
Christine Anderson
+212.583.5182
christine.anderson@blackstone.com

For Goldman Sachs Merchant Banking:
Andrew Williams
+212.902.5400
andrew.williams@gs.com

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