Reuters: Private Equity: IHS to buy search tool from Warburg Pincus

Reuters: Private Equity Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

IHS to buy search tool from Warburg Pincus Jun 12th 2012, 20:14 June 12 | Tue Jun 12, 2012 4:14pm EDT June 12 (Reuters) - Information services company IHS Inc agreed to buy GlobalSpec Inc, a search engine of engineering and industrial products, for $135 million from Warburg Pincus LLC. "It (the deal) will enable a dramatic transformation of our product design portfolio representing approximately 15 percent of our revenue," IHS CEO Jerre Stead said in a statement.

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