Paul Hastings Advises Lender Syndicate in Veritas Capital’s $3.1 Billion Sponsor-backed Acquisition of Wood Mackenzie
Paul Hastings LLP is advising a syndicate of direct lenders in the sale by Verisk (NASDAQ: VRSK), a leading global data analytics provider, of its Wood Mackenzie energy business, to Veritas Capital. Veritas has agreed to acquire Wood Mackenzie for $3.1 billion in cash consideration plus future additional contingent consideration of up to $200 million.
The transaction is led by global finance co-chairs John Cobb and Jennifer Yount in New York and Luke McDougall, and Mo Nurmohamed in London, together with a large cross-border team from the firm’s global finance practice. Closing is expected in the first quarter of 2023, pending customary closing conditions and regulatory approvals.
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