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Moody's Corp to buy Bureau van Dijk for about $3.3 billion
May 15, 2017 / 11:44 AM / 7 months ago

Moody's Corp to buy Bureau van Dijk for about $3.3 billion

(Reuters) - Credit ratings agency Moody’s Corp (MCO.N) said on Monday it would buy Dutch financial information provider Bureau van Dijk for about $3.3 billion, to extend its risk data and analytical businesses.

A Moody's sign is displayed on 7 World Trade Center, the company's corporate headquarters in New York, February 6, 2013. REUTERS/Brendan McDermid

Moody’s will fund the deal through a combination of offshore cash and new debt financing.

Amsterdam-based Bureau van Dijk, owned by the fund EQT VI, distributes financial information and private company datasets of 220 million companies.

    The deal is expected to benefit Moody’s revenue and earnings in 2019, while adjusted earnings in 2018 is expected to see an uptick.

    Moody’s also acquired the structured finance data and analytics business of SCDM, a Frankfurt-based provider of analytical tools, earlier this year.

    Up to Friday’s close, Moody’s shares had risen about 22 percent this year.

    Reporting by Nikhil Subba in Bengaluru; Editing by Shounak Dasgupta

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