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Alternative Market Briefing

McGraw Hill Financial buys SNL Financial for $2.2bn

Tuesday, July 28, 2015

Bailey McCann, Opalesque New York:

McGraw Hill Financial has acquired SNL Financial from New Mountain Capital for $2.2 billion in cash. SNL is a provider of financial news, data and analysis. The economic impact to McGraw Hill Financial will be partially offset by tax benefits with an estimated present value of approximately $550 million resulting from the transaction.

New Mountain originally invested $181 million into SNL Financial in 2011 alongside members of the company's management. The transaction will result in a gross gain of approximately $952 million, a gross MIC of 6.25x and a gross IRR of 68% for New Mountain, according to sources familiar with the transaction.

The acquisition will complement McGraw Hill Financial's existing S&P Capital IQ product line in the areas of banking and insurance. SNL also adds new analytics and capabilities that expand the Platts platform across energy markets.

SNL is headquartered in Charlottesville, Virginia and has approximately 3,000 employees based in 10 countries. The company focuses on providing information solutions for financial institutions, real estate, energy, media, metals and mining.

"Adding SNL to our portfolio creates a high-growth market data and analytics business that will leverage the power of the S&P Capital IQ and Platts global platforms to realize the full potential of SNL's financial and commodities products," said Douglas L. Peterson, President and CEO of McGraw Hill Financial in......................

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