Deal Closed | Daily Mail and General Trust Plc. | Acquisition of RMS Inc by Moody's
The details of the deal are as follows:
Sector: Risk Management
Announcement Date: 05-Aug-2021
Completion Date: Sep-2021 (Estimated)
Name of Client: Daily Mail and General Trust Plc.
Transferor Details: Daily Mail and General Trust plc | UK
Deal Description: Advised Daily Mail and General Trust Plc. in relation to the sale of its insurance risk business RMS Inc to Moody's Corporation including 100% sale of RMS India, for approximately USD 2 billion.
Total Consideration: USD 2 billion
Team Members: Akhil Bhatnagar (Partner), Ritu Shaktawat (Partner), Nayantara Kutty (Counsel), Sneh Shah (Principal Associate) and Sagarika Chandel (Associate)
Role of Firm: Advised Daily Mail and General Trust Plc. on the Indian tax and regulatory aspects of the sale of RMS Inc including sale of RMS India.
Other Legal Advisors: Slaughter and May is advising Daily Mail and General Trust plc
