Moody’s Corporation’s Acquisition of RMS Inc

Slaughter and May, Khaitan & Co. and Cravath advised Daily Mail and General Trust on the deal. Paul Hastings represented Moody’s Corporation.

Daily Mail and General Trust Plc. executed the sale of its insurance risk business RMS Inc to Moody’s Corporation including 100% sale of RMS India, for approximately USD 2 billion.

Daily Mail and General Trust manages a portfolio of companies that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment.

Moody’s is a global integrated risk assessment firm that empowers organizations to make better decisions. Our data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others.

The Khaitan & Co. team was led by Partner Akhil Bhatnagar (Picture), Ritu Shaktawat (Partner), Nayantara Kutty (Counsel), Sneh Shah (Principal Associate) and Sagarika Chandel (Associate).

The Cravath team was led by partners Richard Hall and Andrew C. Elken and included associates Charles A. Dobb, Andrew J. Astore and Christina M. Drakeford on M&A matters; partner J. Leonard Teti II, senior attorney Andrew Carlon and associate Leon B. Dalezman on tax matters; partner Jonathan J. Katz, practice area attorney Sarah W. Colangelo and associates Jana I. Hymowitz and Laura S. Lee on executive compensation and benefits matters; partner David J. Kappos and associates Christopher P. Davis and Pedraam Mirzanian on intellectual property matters; partner Margaret T. Segall and senior attorney Jesse M. Weiss on antitrust matters; and senior attorney Joyce Law on real estate matters.

Slaughter and May’s team was led by Partner David Watkins, Associates Max Schofield
Daniel Bell, Trainee Shanuk Mediwaka and Trainee. Partners William Turtle, Associate
Vera Vollmann, Partner Gareth Miles, Associate
Charles Osborne, Partner Padraig Cronin, Associate Rachel Hunter, Partner Ed Fife, Associate Rebecca Sloan, Trainee Ben Crosby.

The Paul Hastings team advising Moody’s included partners Carl Sanchez and Matthew Poxon, and associates Joe Swanson, David Prowse, Sam Waite, Jason Schechter, Derek Rogers and Peter Simon on M&A; partner Danny Choi and associates Mitchell Zuckerman and Tess Peterson on Leveraged Finance; and partner Frank Lopez, of counsel James Shea, and associates Flavio Averbug and Taylor Montgomery on Securities and Capital Markets.Additional advice was provided by partners Stephen Harris and Suzanne Horne (Employee Benefits); partner Douglas Schaaf (Tax); partner Todd Schneider and associate Orrin Neitzke (IP); and of counsel Michael Wise (Antitrust).

Involved fees earner: Andrew Astore – Cravath Swaine & Moore; Andrew Carlon – Cravath Swaine & Moore; Sarah Colangelo – Cravath Swaine & Moore; Leon Dalezman – Cravath Swaine & Moore; Christopher Davis – Cravath Swaine & Moore; Charles Dobb – Cravath Swaine & Moore; Christina Drakeford – Cravath Swaine & Moore; Margaret Segall D’Amico – Cravath Swaine & Moore; Andrew C. Elken – Cravath Swaine & Moore; Richard Hall – Cravath Swaine & Moore; Jana Hymowitz – Cravath Swaine & Moore; David Kappos – Cravath Swaine & Moore; Jonathan Katz – Cravath Swaine & Moore; Joyce Law – Cravath Swaine & Moore; Pedraam Mirzanian – Cravath Swaine & Moore; J. Leonard Teti II – Cravath Swaine & Moore; Jesse Weiss – Cravath Swaine & Moore; Akhil Bhatnagar – Khaitan & Co.; Sagarika Chandel – Khaitan & Co.; Nayantara Kutty – Khaitan & Co.; Sneh Shah – Khaitan & Co.; Ritu Shaktawat – Khaitan & Co.; Sung Ho Choi – Paul Hastings LLP; Stephen Harris – Paul Hastings LLP; Jason Harris Schechter – Paul Hastings LLP; Suzanne Horne – Paul Hastings LLP; Frank Lopez – Paul Hastings LLP; Matthew Poxon – Paul Hastings LLP; David Prowse – Paul Hastings LLP; Carl Sanchez – Paul Hastings LLP; Douglas Schaaf – Paul Hastings LLP; Todd Schneider – Paul Hastings LLP; James Shea – Paul Hastings LLP; Joseph Swanson – Paul Hastings LLP; Sam Waite – Paul Hastings LLP; Michael Wise – Paul Hastings LLP; Mitchell Zuckerman – Paul Hastings LLP; 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: Cravath Swaine & Moore; Khaitan & Co.; Paul Hastings LLP; Slaughter and May;

Clients: Daily Mail and General Trust; Moody’s Corporation;

Sonia Carcano

Author: Sonia Carcano