Moody’s Corporation’s Sale Of Moody’s Analytics’ Knowledge Services Business To Equistone Partners Europe Limited

Slaughter and May advised Moody’s Corporation in relation to its agreement to sell its Moody’s Analytics’ Knowledge Services (MAKS) business to Equistone Partners Europe Limited.

The transaction is expected to close later this year, subject to customary closing conditions. It is anticipated that sale proceeds and repatriated offshore cash will be used to repurchase approximately $300 million of Moody’s outstanding stock.

MAKS is a leader in knowledge process outsourcing services, providing high-value research and analytical support to organisations worldwide. Through delivery centres in India, Costa Rica, Sri Lanka and China, the business serves over 250 banks, asset managers and consulting firms with more than 2,500 subject matter experts working as an extension of its clients’ teams.

Moody’s Corporation is a credit rating, research, and risk analysis firm. The Company provides credit ratings and related research, data and analytical tools, quantitative credit risk measures, risk scoring software, and credit portfolio management solutions and securities pricing software and valuation models.

Equistone Partners Europe Limited is an independent investment firm, which operates across France, Germany, Switzerland and the UK, investing as a strategic partner alongside management teams.

Slaughter and May acted for Moody’s with support from local counsel in a number of jurisdictions, including Costa Rica, Cyprus, Hong Kong, India, Jersey, Mauritius, the PRC, Singapore, Sri Lanka and the US. The Slaughter and May team included: Corporate Partner Mike Corbett (Picture) supported by Matthew Langton (associate), Will Yeeles (associate), Phoebe McGibbon (trainee); IP/IT Partner David Ives with Rafaella Felthun (visiting lawyer), Mikkel Jensen (visiting lawyer); Tax Partner Mike Lane, Emma Game (senior counsel), Stella Kim (associate); Pensions and Employment Partner Phil Linnard supported by James Chumbley (associate) and Natasha Nichols (associate); Real Estate Partner John Nevin with Ben Redding (associate). Moody’s was also advised on this transaction by Centerview Partners.

Latham & Watkins acted for Equistone with a team led by London corporate partner David Walker, 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; James Chumbley – Slaughter and May; Michael Corbett – Slaughter and May; Rafaella Felthun – Slaughter and May; Emma Game – Slaughter and May; David Ives – Slaughter and May; Mikkel Jensen – Slaughter and May; Stella Kim – Slaughter and May; Mike Lane – Slaughter and May; Matthew Langton – Slaughter and May; Phil Linnard – Slaughter and May; John Nevin – Slaughter and May; Natasha Nichols – Slaughter and May; Ben Redding – Slaughter and May; Will Yeeles – Slaughter and May;

Law Firms: Latham & Watkins; Slaughter and May;

Clients: Equistone Partners Europe; Moody’s Corporation;