HALISTER: Moody’s to Buy Bureau van Dijk From EQT for $3.27b

Moody’s to Buy Bureau van Dijk From EQT for $3.27b

(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
Link to Statement:Link

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Source: BFW (Bloomberg First Word)

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MCO US (Moody's Corp)

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HALISTER1: Bank Indonesia Rule on FX Banknotes to Prevent Money Laundering

Bank Indonesia Rule on FX Banknotes to Prevent Money Laundering

(Bloomberg) -- Carrying foreign banknotes equivalent to 1b rupiah or more into and out of the country can only be done by licensed bodies, including banks or registered money changers, central bank says on the rule signed on May 5 in a statement in Jakarta.
  • Rule is meant to prevent money laundering considering large crossborder activity using banknotes coupled with limited information available to the monetary authority
  • Rule will support effectiveness of central bank’s monetary policy, especially in overseeing the exchange rate
  • Rule will be effective March 5, 2018, with sanctions to come into effect on May 7, 2018

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Source: BFW (Bloomberg First Word)

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BI IJ (Bank Indonesia)

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HALISTER: JPMorgan Agrees to Buy Dublin Office for More Than 1,000 Staff

JPMorgan Agrees to Buy Dublin Office for More Than 1,000 Staff

Alert: HALISTER
Source: BN (Bloomberg News)

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JPM US (JPMorgan Chase & Co)
FFH CN (Fairfax Financial Holdings Ltd)
7583684Z ID (National Asset Management Agency Investment Ltd)

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James Dimon (JPMorgan Chase & Co)

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UUID: 7947283