Davis Polk Advises S&P Global on Its Sale of SPIAS
Davis Polk is advising S&P Global Inc. on the sale of its subsidiary, Standard & Poor’s Investment Advisory Services LLC, to GSAM Holdings LLC. The transaction is expected to close in the first half of 2019. Financial terms of the transaction were not disclosed.
S&P Global is a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. SPIAS provides non-discretionary investment advice across institutional sub-advisory and intermediary distribution channels globally. Goldman Sachs' Consumer and Investment Management Division (CIMD) provides asset management and wealth management solutions to world-class institutions, high-net-worth individual investors and retail consumers globally.
The Davis Polk corporate team includes partner Brian Wolfe and associates Nicholas C. Phillips and Jenny Ge. Partner Gregory S. Rowland and associate Michael W. Brasher are providing investment management advice. Partner Pritesh P. Shah and associate Daniel F. Forester are providing intellectual property and technology advice. Partner Veronica M. Wissel and associate Joseph S. Brown are providing executive compensation advice. Partner Rachel D. Kleinberg is providing tax advice. Members of the Davis Polk team are based in the New York and Northern California offices.