Moody’s to Buy Bureau van Dijk From EQT for $3.27b
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Source: BFW (Bloomberg First Word)
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MCO US (Moody's Corp)
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UUID: 7947283
(Bloomberg) -- Moody’s to buy Bureau van Dijk, a global provider of business intelligence and company information, from the fund EQT VI for $3.27b.
- Sees deal adding to EPS in 2018, excluding purchase price amortization and one-time integration costs, and adding to GAAP EPS in 2019
- Will add $45m of annual revenue and expense synergies by 2019, and $80m by 2021
- Boosts long term outlook for revenue and EPS growth
- Moody’s will fund deal through combo of offshore cash and new debt financing
- Bureau van Dijk had revenue $281m and Ebitda $144m in 2016
- Will be reported as part of Moody’s Analytics’ Research, Data & Analytics (RD&A) unit, which accounted for ~18% of total company revenue in 2016, according to Bloomberg data
- Deal to close late in 3Q; sellers represented by Quayle Munro and JPMorgan
- Call 8:30am 877-400-0505 pw Moody’s Corporation
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
MCO US (Moody's Corp)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283