Blackstone Group (NYSE: BX) and Goldman Sachs Merchant Banking Division are buying Ipreo Holdings LLC from Kohlberg Kravis Roberts & Co. LP (NYSE: KKR).

Ipreo, headquartered in New York, supplies market intelligence and workflow software to the equity, fixed income, municipal and syndicated loan markets. The company's software provides bookbuilding systems, roadshow and conference management tools and electronic document delivery. Terms of the deal were not disclosed.

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