Strategic Value Partners, LLC and its affiliates (SVP), a global alternative investment firm with over $18 billion of assets under management, recently announced that SVP-managed funds have acquired the remaining 40% of IPC, resulting in full ownership. IPC provides mission-critical trading communication technology and network services to the financial markets industry.
SVP has owned 60% of IPC since 2021 after the firm led a deal that reduced IPC’s debt by over $400 million and provided new capital of $125 million, thus delivering the resources for investment in long-term growth strategies.
KEY QUOTES:
“Over the last two years, we have been able to put IPC on significantly stronger footing. We are deeply familiar with the underlying strengths of the business and are excited about IPC’s future, as demonstrated by our continued financial investment in the company. IPC is uniquely positioned to continue delivering solutions to their customers as the trading ecosystem evolves, and we look forward to working hand-in-hand with the talented management team to bring IPC to the next stage of growth.”
— Ari Barz, Managing Director on the North American Investment Team at SVP
“We are delighted to continue our partnership with SVP. IPC is executing an ambitious growth plan that will further enhance its already-leading position in the market with industry expertise, customer service and technology offerings.”
— Bob Santella, Chief Executive Officer of IPC
