Moody’s last week shelled out $3.3 billion to purchase Dutch-based data provider Bureau van Dijk.
It’s the largest acquisition in the history of Moody’s. The purchase will allow Moody’s to leverage — and expand — Bureau van Dijk’s massive corporate database.
Deal details from CFO:
Moody’s said Monday it will use cash held outside the U.S., as well as new debt financing, to acquire Bureau van Dijk, with the deal expected to close in the third quarter of 2017.
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Bureau van Dijk was acquired by Swedish private-equity firm EQT from Charterhouse Capital Partners in 2014. Last year, it generated revenue of $281 million and EBITDA of $144 million.
More details on Moody’s plans for the database, from CFO:
“By putting together our analytics platform with Bureau van Dijk’s data we will be able to offer a broader set of services to our customers across the globe,” said Mark Almeida, president of Moody’s Analytics.
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Bureau van Dijk, whose database covers more than 220 million companies, provides solutions to 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.