General Atlantic Acquires Minority Stake In Markit

Markit, a financial information services company, announced that global growth investor General Atlantic (GA) has agreed to make a substantial equity investment in Markit. The addition of General Atlantic as a significant shareholder positions Markit for continued long term growth

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Markit, a financial information services company, announced that global growth investor General Atlantic (GA) has agreed to make a substantial equity investment in Markit.

The addition of General Atlantic as a significant shareholder positions Markit for continued long-term growth and adds a proven investor in financial sector innovation to Markits existing diverse shareholder base. General Atlantic will assist Markit actively in developing its growth strategy further and executing value-creating acquisitions.

We are delighted to welcome General Atlantic as a shareholder in Markit, says Lance Uggla, CEO of Markit. GA is one of the leading investment firms in financial services and having them as a partner is an affirmation of our business model and enhances the opportunity we have for building long-term value. This significant investment marks an important milestone in Markits strategy and evolution, and we will benefit immensely from GAs support and Bill Fords participation on our Board.

Markit is an innovative, entrepreneurial firm with a great management team, says Bill Ford, CEO of General Atlantic. As a financial information services industry leader, Markit is well-positioned to deliver the independent, high quality products and services that market participants need. We look forward to contributing to the next stage of Markits growth as a strategic partner.

Since inception, Markit has expanded its product set across all asset classes and diversified its services to include valuations, economic and reference data, indices and trade processing.

D.C.

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