Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that a Veritas affiliate has completed the purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK).
Wood Mackenzie is an internationally recognized industry leader with nearly 50 years of providing quality data, analysis and insights to drive growth in the energy, renewable energy and natural resources industries. Using the Wood Mackenzie Lens© platform, the company’s clients, working at the forefront of the rapidly evolving energy industry, can gain world-class insights and analysis to inform their critical decisions. Wood Mackenzie operates at the nexus of today’s tailwinds driving the energy industry, providing clients with leading energy data and analytics services, with the bold aim of transforming the way we power the planet. The acquired company will be led by Mark Brinin, who has been promoted from joint president to general manager. Joe Levesque has been named president and chief operating officer.
In this regard, Mark Brinnin, General Manager of Wood Mackenzie, said: “We are delighted to start Wood Mackenzie’s next chapter in partnership with Veritas. Going back to our roots as an independent company and Veritas’ partnering with a firm with the same. Heritage places us in a peer group with unique and enviable attributes. In Veritas, we have found a strategic partner that will enable us to generate greater value for our customers, both through mature markets we have served over the past five decades, as well as the energy and renewable energy industry, which is in full growth and is currently driving the worldwide energy transition”.
Veritas Wood brings deep industry knowledge and operational experience to Mackenzie. As a leading investor in technology and technology companies that provide critical products, software and services to government and commercial customers around the world, Veritas will partner with Wood Mackenzie as it positions itself as a leading accelerator of global change. continues to install. sustainable future.
“We are delighted to welcome Wood MacKenzie to the Veritas portfolio and partner with the team to fuel its next phase of growth,” said Ramji Musallam, Veritas General Manager and Managing Partner. “With decades of energy industry leadership and innovation, Wood Mackenzie is well-positioned to expand and enhance the critical insight it provides to an expanding client base across the energy and renewable energy value chain.”
Morgan Stanley acted as financial advisor and Davis Polk & Wardwell LLP acted as legal advisor to Verisk in connection with the transaction. Gibson, Dunn & Crutcher LLP acted as legal counsel to Veritas.
About Veritas Capital Veritas is a technology investor with a long history and more than $40 billion in assets under management. He specializes in companies that operate at the intersection of technology and public administration. The company invests in companies that provide critical products, software and services, primarily technology and technology solutions, to government and commercial customers around the world. Veritas aims to create value through organic and inorganic means by strategically transforming the companies in which it invests.
It is important for business to leverage technology to make a positive impact in critical areas such as healthcare, education and national security. Veritas is proud to manage our country’s assets, improve the quality and reduce costs of health care, boost our education system, and protect our country and our partners. For more information, visit www.veritascapital.com.
About Wood MacKenzie Wood MacKenzie is a trusted source of business intelligence for the global natural resources industry. We help our clients make smarter strategic decisions by providing objective analysis and advice on assets, companies and markets. For more information, visit: www.woodmac.com or follow us on Twitter: @WoodMackenzie.
Wood Mackenzie is a trademark of Wood Mackenzie Ltd. and is the subject of trademark registrations and/or applications in the European Community, the United States of America and other countries around the world.
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contact
Press for Veritas Capital: FGS Global [email protected]
For Wood Mackenzie: Sonia Kerr, Director of Human Resources pp. and Internal Communications +44 330-174-7267 [email protected]
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