Davis Polk & Wardwell LLP is advising MSCI Inc. on its approximately $1.55 billion acquisition of RiskMetrics Group, Inc. The transaction, which is expected to close in MSCI’s third fiscal quarter of 2010, is subject to customary closing conditions, including approval by the shareholders of RiskMetrics, the receipt by MSCI of the proceeds of the debt financing for the transaction, antitrust clearance and other customary regulatory approvals.
MSCI Inc. is a provider of investment decision support tools to investment institutions worldwide. MSCIs products include indices and portfolio risk and performance analytics for use in managing equity, fixed-income and multi-asset class portfolios. Headquartered in New York with 20 global offices, RiskMetrics is a leading provider of risk management and corporate governance products and services to the global financial community.
The Davis Polk corporate team includes partner John A. Bick and associates William J. Chudd and Arvin I. Abraham. The tax team includes partner Avishai Shachar and associate Adam B. Perry. Partner Jean M. McLoughlin and associate Margaret Chow are providing benefits advice. Partners Lawrence E. Wieman and Sartaj Gill and associate Xin Yu are providing credit advice. Counsel Stephen M. Pepper is providing antitrust advice. All members of the Davis Polk team are based in the New York office.
D.C.