Veritas Capital × Verisk
Veritas Capital completed its purchase of Wood Mackenzie from Verisk for $3.1 billion in cash, with a potential additional contingent consideration of up to $200 million. [54, 63, 67] The deal, which was first announced in October 2022, was finalized in the first quarter of 2023, returning Wood Mackenzie to being a standalone company. [54, 63, 66]
The asset
The entire energy business of Verisk, Wood Mackenzie, which provides data, analytics, and insights for the energy, renewables, and natural resources sectors.
The record
- Seller status
- Going concern
- Sector
- data analytics and risk assessment
- Modalities
- data, analytics, reports, software platform
- Jurisdiction
- US
What it means if you hold data
This major transaction shows continued high-value private equity interest in specialized, large-scale data providers, particularly in the critical and evolving energy sector. The separation from Verisk allows Wood Mackenzie to operate as a focused, independent entity backed by a technology-focused investor. [87]