We are advising Verisk on the transaction

Davis Polk is advising Verisk on the $515 million sale of Verisk Financial Services, its financial services business unit, to TransUnion. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second quarter of 2022.

Verisk provides predictive analytics and decision-support solutions to customers in the insurance, energy and specialized markets and financial services industries. Verisk Financial Services maintains the largest financial institution consortia to provide proprietary competitive portfolio performance insights, benchmarking, decisioning algorithms and business intelligence. It also offers customized analytic services to leading financial institutions, payments providers, alternative lenders, regulators and retailers worldwide. TransUnion is a global information and insights company with a leading presence in more than 30 countries across five continents. TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people.

The Davis Polk corporate team includes partner Marc O. Williams and associates Joshua B. Pittell and Roderick Sheng. Partner Matthew J. Bacal is providing intellectual property advice. The tax team includes partner Patrick E. Sigmon and counsel Elina Khodorkovsky. The executive compensation team includes partner Jeffrey P. Crandall and associate John G. Curran. Partner Ronan P. Harty is providing antitrust and competition advice. Partner John B. Meade is providing capital markets advice. All members of the Davis Polk team are based in the New York office.