Verisk Analytics, Inc. (VRSK): M&A transaction — Verisk closes $3.1B sale of Wood Mackenzie to Veritas Capital

Verisk Analytics, Inc.

Sale of Wood Mackenzie closed Feb 1, 2023; Verisk received $3.1B cash, plus up to $200M deferred payments.
CEO Lee Shavel says deal returns Verisk to core insurance focus, following earlier divestitures of financial services and 3E.
Energy business reported as discontinued operations; pro forma shows net proceeds of ~$3,066M after adjustments.
Pro forma diluted EPS for nine months ended Sep 30, 2022 was $3.38, down from $5.59 as reported due to discontinued ops.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Verisk Analytics, Inc. completed a disposition involving Planet Jersey Buyer Ltd (an entity controlled by The Veritas Capital Fund VIII, L.P. and its affiliated funds and entities) for $3.1 billion of cash consideration paid to Verisk at the closing of the Transaction (subject to customary purchase price adjustments for, among other things, th (closed 2023-02-01).

Action: disposition
Counterparty: Planet Jersey Buyer Ltd (an entity controlled by The Veritas Capital Fund VIII, L.P. and its affiliated funds and entities)
Consideration: $3.1 billion of cash consideration paid to Verisk at the closing of the Transaction (subject to customary purchase price adjustments for, among other things, th
Closing: 2023-02-01

Exact text from the filing

that was formed on behalf of, and is controlled by, The Veritas Capital Fund VIII, L.P. and its affiliated funds and entities (“ Veritas ”). The purchase price consists of $3.1 billion of cash consideration paid to Verisk at the closing of the Transaction (subject to customary purchase price adjustments for, among other things, the cash, working capital and

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Verisk Analytics, Inc. filing history →

Source: SEC EDGAR

accession 0000950103-23-001969

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