S&P Global’s $550 Million Acquisition of Kensho Technologies


Goodwin advised Kensho Technologies Inc. in the deal

S&P Global (NYSE: SPGI) has signed an agreement to acquire Kensho Technologies Inc., a leading edge provider of next-generation analytics, artificial intelligence, machine learning, and data visualization systems to Wall Street’s premier global banks and investment institutions, as well as the National Security community.

The acquisition of Kensho will strengthen S&P Global’s emerging technology capabilities, enhance its ability to deliver essential, actionable insights that will transform the user experience for its clients, and accelerate efforts to improve efficiency and effectiveness of its core internal operations.

The transaction is subject to regulatory approval and other customary closing conditions. It is expected to close late in the first quarter of this year or early second quarter.

A technology company founded in Harvard Square in 2013 by Dr. Daniel Nadler, a Harvard PhD, Kensho is a leading provider of next-generation machine learning and analytics to the world’s premier financial institutions as well as the National Security community. Its mission is to develop and deploy scalable artificial intelligence systems across the most critical commercial and government institutions in the world to solve some of the hardest analytical problems of our time.

A winner of multiple awards since its founding, Kensho has been named a “Technology Pioneer” by the World Economic Forum and honored as one of the most innovative technology companies—of any kind—in the world.

Kensho will continue to operate independently and remain a distinct brand.

Kensho Technologies Inc. provides analytical tools for capital markets. The company, led by Daniel J. Nadler and Peter Kruskall, is based in Cambridge.

Davis Polk advised S&P Global Inc.with Brian Wolfe and associates Robert F. Smith, Reid B. Fitzgerald and Michael Senders. Partner Veronica M. Wissel and associate Joshua S. Sills are providing executive compensation advice. Partner Rachel Kleinberg and associate Isaac MacDonald are providing tax advice. Partner Frank J. Azzopardi is providing intellectual property and technology advice. Partner Joseph A. Hall is providing capital markets advice.

The Goodwin team was led by partners John Egan (Picture), Ian Engstrand, Andrew Pusar and Janet Andolina.

Involved fees earner: Brian Wolfe – Davis Polk & Wardwell; Robert Smith – Davis Polk & Wardwell; Reid Fitzgerald – Davis Polk & Wardwell; Michael Senders – Davis Polk & Wardwell; Veronica Wissel – Davis Polk & Wardwell; Joshua Sills – Davis Polk & Wardwell; Rachel Kleinberg – Davis Polk & Wardwell; Isaac MacDonald – Davis Polk & Wardwell; Frank Azzopardi – Davis Polk & Wardwell; Joseph Hall – Davis Polk & Wardwell; John Egan – Goodwin Procter; Ian Engstrand – Goodwin Procter; Andrew Pusar – Goodwin Procter; Janet Andolina – Goodwin Procter;

Law Firms: Davis Polk & Wardwell; Goodwin Procter;

Clients: Standard & Poor’s; Kensho Technologies Inc. ;

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Author: Ambrogio Visconti