Verisk Analytics Acquires Argus Information and Advisory for $425,000,000

Feed Type
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
Proceeds Purposes
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.