M&A Deal Summary

New Mountain Capital Acquires Verisk Analytics - 3E Business

On October 24, 2023, private equity firm New Mountain Capital acquired information technology company Verisk Analytics - 3E Business from Verisk for 950M USD

Acquisition Highlights
  • This is New Mountain Capital’s 15th transaction in the Information Technology sector.
  • This is New Mountain Capital’s 7th largest (disclosed) transaction.
  • This is New Mountain Capital’s 84th transaction in the United States.
  • This is New Mountain Capital’s 5th transaction in New Jersey.

M&A Deal Summary

Date 2023-10-24
Target Verisk Analytics - 3E Business
Sector Information Technology
Buyer(s) New Mountain Capital
Sellers(s) Verisk
Deal Type Divestiture
Deal Value 950M USD

Target

Verisk Analytics - 3E Business

Jersey City, New Jersey, United States
Verisk Analytics's 3E Business provides intelligent compliance solutions that enable companies to manage global regulatory compliance, product stewardship risk and drive continuous improvement to support their environmental health and safety (EHS) initiatives.

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Buyer(S) 1

Buyer

New Mountain Capital

New York, New York, United States

website


Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 88 of 91
Sector (Information Technology) 15 of 16
Type (Divestiture) 6 of 6
State (New Jersey) 5 of 5
Country (United States) 84 of 87
Year (2023) 1 of 2
Size (of disclosed) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-16 ClaimLogiq

Mount Pleasant, South Carolina, United States

ClaimLogiq is a healthcare software and technology company that delivers a proactive approach to payment integrity through a powerful, simplified solution. The unique payer-facing, claim-analyzing solution is HITRUST CSF® certified and makes claim reviews accessible to all size healthcare payers for in-depth insight and real-time access into the status of every claim at every stage of the audit lifecycle for controlled, consistent, accurate, and defensible outcomes. ClaimLogiq is based in Mount Pleasant, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-21 BMI

Nashville, Tennessee, United States

BMI is a music rights management company that negotiates music license agreements and distributes the fees it generates as royalties to its affiliated writers and publishers when their songs are performed in public. BMI is based in Nashville, Tennessee.

Buy -

Seller(S) 1

SELLER

Verisk

Jersey City, New Jersey, United States

website


Category Company
Founded 1971
Sector Information Technology
Employees8,960
Revenue 2.8B USD (2020)
DESCRIPTION

Verisk is a source of information about risk.offer risk assessment services and decision analytics for professionals in many fields. property/casualty insurance, financial services, healthcare, government, human resources. Verisk was based in 1971 and is based in Jersey City, New Jersey.


DEAL STATS #
Overall 7 of 7
Sector (Information Technology) 3 of 3
Type (Divestiture) 7 of 7
State (New Jersey) 3 of 3
Country (United States) 6 of 6
Year (2023) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-02 Wood Mackenzie

London, United Kingdom

Wood Mackenzie is a provider of commercial intelligence for the energy, metals, and mining industries, The company provides objective analysis and advice on assets, companies, and markets, giving clients the insight they need to make better strategic decisions. Wood Mackenzie was formed in 1973 and is based in London.

Sell -