Slaughter and May advised Moody’s Corporation on its agreed acquisition of a majority stake in GCR Ratings

Slaughter and May is advising Moody’s Corporation in relation to its agreement to acquire a majority (51%) stake in Global Credit Rating Company Limited (GCR Ratings).

GCR Ratings is a leading credit rating agency in Africa with operations spanning the continent, including in South Africa, Nigeria, Senegal, Kenya and Mauritius. As part of this transaction, Moody’s is engaging with a South Africa-based empowerment partner who will provide local strategic support through substantial equity participation and representation on the GCR Ratings South Africa board.

The transaction is subject to customary regulatory approvals and is expected to close in Q2 this year.

Slaughter and May acted as deal counsel with support from local counsel in a number of jurisdictions, including South Africa, Nigeria, Senegal, Kenya and Mauritius.

Corporate
Michael Corbett Partner
Mark Spiller Associate
Anika Sethy Associate

Paul Carey / Trainee

Competition
Lisa Wright Partner
Rebecca West Associate
Rosalind Paulson Associate
Financial Regulation
Nick Bonsall Partner
Connor Williamson Associate

Jennifer Wardley / Trainee

Tax
Emma Game Senior Counsel

Shanuk Mediwaka / Trainee

Pensions, Employment and Incentives
Phil Linnard Partner
Adam Gilchrist Associate
Financing
Jennifer Nice Associate
IP/IT
David Ives Partner
Laura Monaghan Associate