Verisk to acquire Sequel

Data analytics provider Verisk Analytics, Inc., has announced that it has signed a definitive agreement to acquire Sequel from HgCapital and other Sequel shareholders. The purchase price is GBP250 million.

London-based Sequel is an insurance and reinsurance software specialist. Sequel had revenue and EBITDA of GBP26 million and GBP12 million, respectively, for the year ended June 30, 2017.

The transaction is expected to be neutral to 2017 adjusted earnings per share and accretive to 2018 adjusted earnings per share. The transaction is expected to close in third-quarter 2017, subject to the completion of customary closing conditions.