New Mountain and Endicott Capital completed the acquisition of the 3E business of Verisk for $950m.

New Mountain Capital, a growth-oriented investment firm, and Endicott Capital, an investment fund, completed the acquisition of the 3E compliance solutions business of Verisk, a global data analytics provider, for $950m. "The sale of 3E marks an important step in Verisk’s ongoing comprehensive portfolio review to best position Verisk for continued solid growth. These efforts are consistent with our focus on identifying the most value creating opportunities available to the company and our shareholders, and ensuring we generate strong returns on our invested capital. Today’s announcement represents a great outcome for Verisk, our shareholders and the talented 3E team," Scott Stephenson, Verisk Chairman, President and CEO.