Equifax to buy Appriss Insights for $1.825 billion

August 25, 2021

Appriss Insights, a Clearlake Capital Group and Insight Partners portfolio company, provides data used in public and workplace safety, law enforcement, fraud detection and prevention, and healthcare credentialing.

The acquisition will expand Equifax 's (NYSE:EFX) relationships with employers, background screeners, and state and federal government agencies.

Also, Appriss Insights' AI-driven solutions complement Equifax verification products by providing real-time notifications, context-sensitive risk assessments, and actionable insights.

Equifax will receive a tax benefit with a net present value at the time of purchase of ~$360 million in conjunction with the acquisition.

Appriss Insights is expected to generate ~$150 million of revenue in 2021, up 30% Y/Y, and the transaction is expected to be strongly accretive to Equifax 's Adjusted EPS in 2022.

Appriss Insights will continue to be led by Brian Matthews and will be based in Louisville, Kentucky.

Appriss Health and Appriss Retail will remain part of Appriss Inc. and are not a part of this transaction.

The transaction is subject to customary closing conditions and regulatory review and is expected to close in 2H21.

Over the current book year the company from Atlanta's total revenue could be around 4.82 billion USD (consensus estimates). This is rather significant more than 2021's revenue of 4.13 billion USD.

Historical revenues and results Equifax plus estimates 2021

The analysts expect for 2021 a net profit of 906 million USD. For this year the consensus of the result per share is a profit of 7.46 USD. With this the price/earnings-ratio is 34.73.

For this year most of the analysts expect a dividend of 1.57 USD per share. Equifax 's dividend yield thus equals 0.61 percent. The average dividend yield of the financial companies equals an attractive2.28 percent.

Based on the current number of outstanding shares Equifax 's market capitalization 31.4 billion USD. 63

Price data Equifax 2007-2021

On Tuesday the stock closed at 259.11 USD.

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