Quayle Munro is pleased to announce that it has advised shareholders, including EQT, a leading alternative investment firm, on entering a definitive agreement to sell Bureau van Dijk, a global provider of business intelligence and company information, to Moody’s Corporation (NYSE:MCO) (“Moody’s”), for an enterprise value of €3.0 billion (approximately $3.27 billion). The acquisition is subject to regulatory approval in the European Union and is expected to close late in the third quarter of 2017.
Bureau van Dijk, operating from its Amsterdam headquarters, aggregates, standardises and distributes one of the world’s most extensive private company datasets, with coverage exceeding 220 million companies. Over 30 years, the company has built partnerships with more than 160 independent information providers, creating a platform that connects customers with data that addresses a wide range of business challenges. Bureau van Dijk’s solutions support the credit analysis, investment research, tax risk, transfer pricing, compliance and third-party due diligence needs of financial institutions, corporations, professional services firms and governmental authorities worldwide. In 2016, Bureau van Dijk generated revenue of $281 million and EBITDA of $144 million.
The acquisition builds on Moody’s role as a global provider of credit risk measures and analytical insight. Bureau van Dijk’s highly complementary business will benefit from Moody’s brand, distribution, credit expertise and analytical capabilities.
Bureau van Dijk is owned by the fund EQT VI, part of EQT, a leading alternative investment firm with approximately €35 billion in raised capital across 22 funds. EQT funds have portfolio companies in Europe, Asia and the US. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. The sellers were advised by Quayle Munro, J.P. Morgan and Allen & Overy.
Kristiaan Nieuwenburg, Partner at EQT, said: “We are very pleased with Bureau van Dijk's development under EQT ownership and want to thank management and employees for their hard work and dedication. We see an excellent fit between Bureau van Dijk and Moody’s Analytics, and congratulate Moody’s on acquiring this uniquely positioned company.”
Mark Schwerzel, Deputy CEO of Bureau van Dijk, said: “Moody’s is a highly regarded, authoritative source of credit ratings and analytical tools, with a strong brand and global reach. The addition of Bureau van Dijk’s powerful information platform to Moody’s Analytics’ suite of risk management solutions presents a wide range of opportunities for us to better serve our combined customer base.”
Craig Muir, Managing Director of Quayle Munro, said: “We are proud to have brought together two parties with such a unified vision across product, market, and organisational leadership.”
This transaction continues Quayle Munro’s strong track record in the business-to-business information sector with completed transactions involving Bloomberg, Dun & Bradstreet, FactSet, LexisNexis and S&P Global.
For more information, please refer to http://www.eqt.se/news/Press-Releases/2017/eqt-vi-to-sell-bureau-van-dijk-to-moodys-corporation/
For transaction enquiries please contact:
Tel: +44 20 7907 4200
Tel: +44 20 7907 4200
About Quayle Munro
Quayle Munro is an independent mergers and acquisitions advisory firm that has an extensive, global track record of working with a wide variety of companies underpinned by data & analytics, content, software, and services. We advise on a full spectrum of corporate finance matters including mergers and acquisitions, debt and equity fundraisings, IPOs, public transactions, restructurings, and strategic and valuation advice. The company also provides growth capital on a selective basis. Quayle Munro is particularly adept at working with private-equity-owned and entrepreneurial-led businesses experiencing high growth. For more information please visit our website.