Slaughter and May is advising Daily Mail and General Trust plc on the sale of Risk Management Solutions to Moody’s Corporation

Slaughter and May is advising Daily Mail and General Trust plc (“DMGT”) on a transaction for the sale of 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.

Slaughter and May worked on the transaction as an integrated team with Cravath, Swaine & Moore LLP.  Slaughter and May also worked closely with Khaitan& Co

Corporate
David Watkins Partner
Max Schofield Associate
Daniel Bell Associate

Shanuk Mediwaka / Trainee, Elizabeth Cooper / Trainee

Competition
William Turtle Partner
Vera Vollmann Associate
Tax
Gareth Miles Partner
Charles Osborne Associate
Employment and Incentives
Padraig Cronin Partner
Rachel Hunter Associate
Financing
Ed Fife Partner
Rebecca Sloan Associate

Ben Crosby / Trainee