Davis Polk is advising Morgan Stanley on its $7 billion acquisition of Eaton Vance Corp. The acquisition is subject to customary closing conditions and is expected to close in the second quarter of 2021.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, Morgan Stanley’s employees serve clients worldwide including corporations, governments, institutions and individuals. Eaton Vance provides advanced investment strategies and wealth management solutions to forward-thinking investors around the world. As of July 31, 2020, Eaton Vance had consolidated assets under management of $507.4 billion.

The Davis Polk corporate team includes partners Marc O. Williams and Brian Wolfe and associates Albert Zhu and Samuel S. Feldman. Partner Michael Mollerus is providing tax advice. Partner Gregory S. Rowland is providing investment management advice. Partner Kyoko Takahashi Lin is providing executive compensation advice. Partners Luigi L. De Ghenghi and Zachary J. Zweihorn are providing financial institutions advice. Partner John B. Meade is providing capital markets advice. Partner Arthur J. Burke is providing antitrust and competition advice. Members of the Davis Polk team are based in the New York and Washington DC offices.