Equistone Partners Europe along with Robert King, Chief Executive Officer of Moody's Analytics Knowledge Services agreed to acquire Moody's Analytics Knowledge Services from Moody's Corporation (NYSE:MCO) in a management buyout transaction on July 16, 2019. Richard Briault, who will join the Board on behalf of Equistone. Moody's Analytics Knowledge Services will continue to be led by its existing management team, headed by Robert King, who are investing alongside Equistone. The transaction is subject to customary closing conditions. The transaction is expected to close later this year. The proceeds and repatriated offshore cash will be used to repurchase approximately $300 million (£239.73 million) of Moody’s outstanding stock. The transaction is expected to be dilutive in nature. Alexander Glantz and Benjamin L. Kjome of Centerview Partners acted as financial advisors for Moody's Corporation. Mike Corbett, Matthew Langton, Will Yeeles, Phoebe McGibbon, David Ives, Rafaella Felthun, Mikkel Jensen, Mike Lane, Emma Game, Stella Kim, James Chumbley, Natasha Nichols, John Nevin, Ben Redding of Slaughter and May acted as legal advisors for Moody's Corporation. David Walker, Alex McCarney, Alice Drayton, Hannah Berdal, William Lam and Charles Armstrong of Latham & Watkins acted as legal advisors for Equistone Partners. Ernst & Young acted as an accountant for Equistone Partners. James Pople, Ciara O'Neill, Nitin Bhatia and Joe Donohue of DC Advisory acted as financial advisor to Equistone Partners Europe. Tim Swales, Richard Briault, Will Copeland and Taha Hasan led the investment on behalf of Equistone.