Moody’s Corporation’s £1,425 Million Acquisition Of Daily Mail and General Trust plc’s Insurance Risk business

Slaughter and May, Cravath, Swaine & Moore LLP and Khaitan & Co advised Daily Mail and General Trust plc on the deal.

Daily Mail and General Trust plc (“DMGT”) sold its Insurance Risk business (“RMS”) to Moody’s Corporation (“Moody’s”) for approximately £1,425m in cash at completion (the “Sale”). 

The Sale is expected to complete in September 2021, subject to satisfaction of customary closing conditions, including regulatory clearance under the Hart-Scott-Rodino Act in the US. Completion of the Sale will satisfy one of the pre-conditions of the possible offer by Rothermere Continuation Limited for DMGT announced on 12 July 2021, in relation to which Slaughter and May is also advising DMGT.

The Slaughter and May’s team included David Watkins (Picture), Partner, Max Schofield, Associate, Daniel Bell, Associate, Shanuk Mediwaka, Trainee, Elizabeth Cooper, Trainee, William Turtle, Partner, Vera Vollmann, Associate, Gareth Miles, Partner, Charles Osborne, Associate, Padraig Cronin, Partner, Rachel Hunter, Associate, Ed Fife, Partner, Rebecca Sloan, Associate and Ben Crosby, Trainee.

Involved fees earner: Daniel Bell – Slaughter and May; Padraig Cronin – Slaughter and May; Ed Fife – Slaughter and May; Rachel Hunter – Slaughter and May; Gareth Miles – Slaughter and May; Charles Osborne – Slaughter and May; Max Schofield – Slaughter and May; Rebecca Sloan – Slaughter and May; William Turtle – Slaughter and May; Vera Vollmann – Slaughter and May; David Watkins – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Daily Mail and General Trust;

Sonia Carcano

Author: Sonia Carcano

Moody’s Corporation’s £1,425 Million Acquisition Of Daily Mail and General Trust plc’s Insurance Risk business

Slaughter and May, Cravath, Swaine & Moore LLP and Khaitan & Co advised Daily Mail and General Trust plc on the deal.

Daily Mail and General Trust plc (“DMGT”) sold its Insurance Risk business (“RMS”) to Moody’s Corporation (“Moody’s”) for approximately £1,425m in cash at completion (the “Sale”). 

The Sale is expected to complete in September 2021, subject to satisfaction of customary closing conditions, including regulatory clearance under the Hart-Scott-Rodino Act in the US. Completion of the Sale will satisfy one of the pre-conditions of the possible offer by Rothermere Continuation Limited for DMGT announced on 12 July 2021, in relation to which Slaughter and May is also advising DMGT.

The Slaughter and May’s team included David Watkins (Picture), Partner, Max Schofield, Associate, Daniel Bell, Associate, Shanuk Mediwaka, Trainee, Elizabeth Cooper, Trainee, William Turtle, Partner, Vera Vollmann, Associate, Gareth Miles, Partner, Charles Osborne, Associate, Padraig Cronin, Partner, Rachel Hunter, Associate, Ed Fife, Partner, Rebecca Sloan, Associate and Ben Crosby, Trainee.

Involved fees earner: Daniel Bell – Slaughter and May; Padraig Cronin – Slaughter and May; Ed Fife – Slaughter and May; Rachel Hunter – Slaughter and May; Gareth Miles – Slaughter and May; Charles Osborne – Slaughter and May; Max Schofield – Slaughter and May; Rebecca Sloan – Slaughter and May; William Turtle – Slaughter and May; Vera Vollmann – Slaughter and May; David Watkins – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Daily Mail and General Trust;

Sonia Carcano

Author: Sonia Carcano