Verisk Analytics, a data analytics and risk assessment firm based in Jersey City, N.J., has signed a definitive agreement to acquire Wood Mackenzie from Hellman & Friedman and other Wood Mackenzie shareholders.
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Purchase price of £1.850 billion (approximately $2.8 billion) to be funded with about $2 billion in debt and up to $800 million in equity.
Wood Mackenzie is a data analytics and commercial intelligence provider for the energy, chemicals, metals and mining verticals. The acquisition establishes Verisk as a trusted data analytics provider at the center of the global energy market, similar to its position in the property/casualty insurance industry.
The transaction advances Verisk's strategy to expand internationally and positions the company in markets that relate closely to the company's existing supply chain and climate risk initiatives, which are central to the global economy of the 21st century.
Based in Edinburgh, Wood Mackenzie has a track record of more than 40 years providing objective analysis and advice on energy assets, companies, and markets, giving clients in more than 80 countries around the world the insight they need to make better asset investment and portfolio allocation decisions.
Wood Mackenzie's diverse, blue chip customer base includes more 800+ international and national energy and metals companies, financial institutions, and governments. Wood Mackenzie works with strategy and policy makers, business development executives, market analysts, corporate finance professionals, risk teams, and investors.
Wood Mackenzie leverages predictive models and robust proprietary data gathered over the past century to describe and value assets, forecast their future productivity and value, and provide clients with trusted strategic advice. Wood Mackenzie's global teams of experts rigorously analyze the data, ensuring a deep understanding of the company's extensive global data sets and the end markets they describe.
Wood Mackenzie advisers work directly with clients to address their business challenges. Wood Mackenzie has approximately 1,000 employees worldwide with offices in Edinburgh, Dubai, Houston, London, Singapore, and Sydney. ■
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