Conyers advised Markit Ltd. (Nasdaq:MRKT) on its US$13 billion merger of equals with IHS Inc. (NYSE:IHS) which will result in the combined group Bermuda holding company as the listed company.
The merger creates a global leader in critical information, analytics and solutions for major industries and markets that drive economies worldwide.
The transaction featured a merger under Delaware law with IHS becoming a subsidiary of IHS Markit Ltd. Former IHS shareholders now own approximately 57% and Markit shareholders own approximately 43% of IHS Markit Ltd. The parties chose the combined group to have a Bermuda holding company, which has resulted in the largest capital markets transaction in Bermuda so far this year.
Conyers’ Directors Niel Jones and Marcello Ausenda advised Markit on this matter.