Deals
Verisk to Buy Hellman & Friedman’s Wood Mac for $2.8 Billion
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Verisk Analytics Inc., a supplier of data to insurers and banks, agreed to buy Wood Mackenzie from Hellman & Friedman LLC and other shareholders for about 1.85 billion pounds ($2.8 billion) in cash, gaining a business providing information to the energy, chemicals and mining industries.
The buyer plans to finance the purchase with $2 billion of debt and by issuing as much as $800 million in equity, the companies said in a statement Tuesday. The deal for Edinburgh-based Wood Mackenzie is expected to be completed in the second quarter, subject to regulatory approval, the companies said.