Veritas Capital Fund VIII, L.P., managed by Veritas Capital Fund Management, L.L.C, entered into an equity purchase agreement to acquire Wood Mackenzie Limited for $3.3 billion on October 28, 2022. As per the transaction, Veritas Capital Fund VIII, L.P., managed by Veritas Capital Fund Management, L.L.C will pay $3.1 billion of cash consideration and up to $200 million of additional potential deferred payments based on Veritas? future return on its investment in the companies.

If the transaction is terminated, Veritas will pay to Verisk a cash termination fee of $155 million. Veritas Capital Fund VIII, L.P., managed by Veritas Capital Fund Management, L.L.C has secured financing, consisting of equity financing to be provided by Veritas and committed debt financing, to consummate the transaction. The transaction is subject to regulatory and antitrust approvals and is expected to close in first quarter of 2023.

John Pollack,Doug Horowitz, Matt Donnelly, John Curran,Daniel Angel, Eric Sloan Jin Hee Kim and Christopher Harding of Gibson, Dunn & Crutcher LLP acted as legal advisor to Veritas Capital Fund Management. Marc O. Williams, Kara L. Mungovan, Jonathan Cooklin, Jennifer S. Conway, David Hahn and John B. Meade of Davis Polk & Wardwell LLP acted as legal advisor and Morgan Stanley & Co. LLC acted as financial advisor to Verisk Analytics, Inc.