Silver Lake to acquire a 9.85% stake in Euroclear from Intercontinental Exchange for $822m.

Silver Lake, a private equity firm, agreed to acquire a 9.85% stake in Euroclear, an asset manager, from Intercontinental Exchange, a financial services company, for $822m. “We are thrilled to become a shareholder of Euroclear. We have been highly impressed by the company’s achievements over the years, continuously strengthening Euroclear’s positioning as a global leader in vital post-trade, collateral management, fund management and data services as well as the company’s crucial importance overall to the efficient functioning of financial markets in Europe and around the world. As a leading technology investor, we look forward to contributing to Euroclear’s future growth, which is more than ever driven by innovation,” Christian Lucas, Silver Lake Co-Head.