Equistone Partners Europe, a mid-market European private equity firm, is to acquire Moody’s Analytics Knowledge Services, a London, UK-based provider of bespoke research, analytics and automation technology to the financial services sector, from Moody’s Corporation (NYSE: MCO).
The financial terms of the deal are undisclosed and completion of the transaction remains subject to certain closing conditions.
Richard Briault will join the board on behalf of Equistone.
The investment will enable the company to continue expanding its proprietary suite of automation tools by investing further in technology capabilities.
Knowledge Services will continue to be led by its existing management team, headed by CEO Robert King, who are investing alongside Equistone.
Established in 2014 through the merger of the Moody’s subsidiaries Copal Partners and Amba Research, Knowledge Services provides various customized knowledge services, in domains such as investment banking, investment research, private equity & consulting and commercial lending. The business operates 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 blue-chip client base of over 250 banks, asset managers and consulting firms globally.