Verisk Analytics Acquires Argus Information and Advisory for $425,000,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=478bbff1-073e-46ae-8d6c-9f723c15e479&Preview=1 -
Date
8/10/2012 -
Company Name
Argus Information and Advisory -
Mailing Address
50 Main Street White Plains, NY 10606 -
Company Description
Our products and services assist financial institutions in making marketing and risk management decisions. We help these institutions manage the tradeoffs among price, product, risk, and customer behavior along the customer lifecycle to increase profitability. -
Website
http://www.argusinformation.com -
Transaction Type
M&A -
Transaction Amount
$425,000,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
As part of the transaction, Verisk expects to realize approximately $45 million in present value of tax benefits. Verisk expects to use cash on hand and available capacity under its revolving credit facility to fund the purchase.
