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.

About Paul Hastings

With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment and real estate, Paul Hastings is a premier law firm providing superior intellectual capital and execution globally to the world’s leading investment banks, asset managers and corporations.