Back to News
Mergers & Acquisitions

Vista Exits Risk, Compliance Business Regulatory DataCorp

|
Published: January 31st, 2020
After holding Regulatory DataCorp for a little more than three years, Vista Equity Partners is selling the risk and compliance data and services company to Moody’s for $700 million.

After owning Regulatory DataCorp Inc. for a little more than three years, Vista Equity Partners is selling the risk and compliance data and services company to Moody’s Corp. (MCO) for $700 million, the company said Thursday, Jan. 23.

Based in King of Prussia, Pa., Regulatory DataCorp helps banks, financial institutions and other clients deter money laundering and check clients identities, among other offerings. The service screens customers against watch lists, media reports and other sources to meet compliance requirements, prevent criminal infiltration of organizations and reduce fraud. Regulatory DataCorp has incorporated artificial intelligence into its platform to accelerate screening.

Moody’s is paying about 13 times projected 2020 sales and said Regulatory DataCorp will complement its business information unit Bureau van Dijk, which it acquired for €3 billion ($3.3 billion) in 2017.

Vista purchased Regulatory DataCorp from Bain Capital Ventures LLC and other investors in August 2016. The acquisition came through the Vista Foundation Fund III, a $2.75 billion fund that seeks investments in software and tech companies valued between $100 million and $500 million, according to FactSet Research Systems Inc.

Editor’s note: The original version of this article, including advisers and other details, was published earlier on The Deal’s premium subscription website. For access, log in to TheDeal.com or use the form below to request a free trial.

This Content is Only for The Deal Subscribers

The Deal provides actionable, intraday coverage of mergers, acquisitions and all other changes in corporate control to institutional investors, private equity, hedge funds and the firms that serve them.

If you’re already a subscriber, log in to view this article here.

More From Mergers & Acquisitions

Mergers & Acquisitions

Drinks With The Deal: Ted Smith of Union Square Advisors

By David Marcus
|
Published: February 11th, 2020
Sullivan’s head of M&A talks to The Deal's David Marcus about his recent work for Tiffany’s, Novartis and Amgen, the challenges consumer goods companies face, and his favorite bars in Hong Kong, Tokyo and New York.
Mergers & Acquisitions

South State, CenterState Scale Up in Southeast

By Michael Brown
|
Published: January 31st, 2020
The banks' $6 billion merger continues an already busy 2020 for M&A in the sector as a combination of secular and cyclical trends push regional banks to scale up.
Mergers & Acquisitions

Spirit Aerosystems Takes Fiber Materials

By Steve Gelsi
|
Published: January 21st, 2020
Edgewater Capital exits Fiber Materials after carving out the company in 2016 from GrafTech International, a portfolio company of Brookfield Asset Management.