Equistone’s Acquisition of Moody’s Analytics Knowledge Services

DC Advisory, Latham & Watkins, EY and Marsh advised Equistone on the deal while Tim Swales, Richard Briault, Will Copeland and Taha Hasan led the investment on behalf of Equistone. Centerview Partners and Slaughter and May worked on the side of Moody’s during this transaction.

Equistone Partners Europe Limited (Equistone), one of Europe’s leading mid-market private equity investors, executed the acquisition of Moody’s Analytics Knowledge Services (Knowledge Services), a leading provider of bespoke research, analytics and automation technology to the financial services sector, from Moody’s Corporation (NYSE: MCO).

The financial information about the deal has not been disclosed and the closing will be subject to certain conditions.

The sale proceeds and repatriated offshore cash will be used to repurchase approximately $300 million of Moody’s outstanding stock.

Knowledge Services provides various market-leading customised knowledge services, in domains such as investment banking, investment research, private equity & consulting and commercial lending. The business, headquartered in London and operating across nine delivery centres worldwide, employs a specialist workforce of subject matter experts working as an extension of clients’ teams.

With the support of the business’s proprietary Business Excellence and Automation Tools, Knowledge Services analysts offer domain expertise to a growing, blue-chip client base of over 250 banks, asset managers and consulting firms globally.

Latham & Watkins team was led by London corporate partner David Walker (Picture), with associates Alex McCarney, Alice Drayton and Hannah Berdal, and by London finance partner Charles Armstrong, with associate William Lam.

Involved fees earner: Charles Armstrong – Latham & Watkins; Hannah Berdal – Latham & Watkins; Alice Drayton – Latham & Watkins; William Lam – Latham & Watkins; Alex McCarney – Latham & Watkins; David Walker – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Equistone Partners Europe;