Gleiss Lutz, its alliance partner Herbert Smith and Simpson Thacher have advised the private equity consortium comprising Silver Lake and Warburg Pincus on the acquisition of Interactive Data Corporation. The deal was worth USD 3.4 billion, making it the largest private equity deal of the year so far.
Interactive Data Corporation is a leading provider of financial market data and services to financial institutions. The company is headquartered in the USA and has over 2,400 employees worldwide as well as two sites in Germany. The deal was announced on May 4, 2010. Gleiss Lutz has advised on the German aspects of the deal.
The Gleiss Lutz team consisted of Dr. Patrick Kaffiné (lead, partner, private equity), Dr. Björn Simon (private equity), Dr. Thomas Winzer (partner, employment), Verena Hechenblaikner (employment), Dr. Bernhard Busch (partner, real estate), Philip Naab (real estate) and Oksana Weber-Kim (real estate) (all Frankfurt). The Herbert Smith team was led by private equity partner James Milne.
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