McGraw Hill Scoops Up SNL for $2.2B
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SNL’s headquarters in Charlottesville
CHARLOTTESVILLE, VA—McGraw Hill Financial has signed a definitive agreement to acquire SNL Financial for $2.225 billion in cash. The locally-based company is privately-held by an affiliate of New Mountain Capital LLC. SNL provides data on several industries, including commercial real estate. Under this blockbuster transaction, it will join the ranks of complementary companies under McGraw’s roof, a list that includes Standard & Poor’s Ratings Services, the S&P Dow Jones Indices andPlatts.
McGraw — which transitioned out of traditional publishing two years ago to focus on financial data services — pointed to how well SNL’s services would fit into its current line up…
