We are advising MSCI on the acquisition

Davis Polk is advising MSCI Inc. on the acquisition of Foxberry, a London based provider of front-office index technology for investors. The transaction is expected to close in the second quarter of 2024, subject to regulatory approvals and customary closing conditions. Terms of the transaction were not disclosed.

MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data and technology, MSCI powers better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios.

Foxberry was founded in 2014 with the mission of building and delivering investment solutions that are driven by technology, account for a specific set of criteria, and increase the value-add for end-users. These solutions are enabled by Foxberry’s foxf9® platform, a comprehensive index and analytics platform designed to tackle the most complex index construction and risk-modelling applications. The platform focuses on index and strategy creation through hyper customization, extensive back-testing and simulation capabilities, sustainability criteria, and reporting.

The Davis Polk corporate team includes partner William J. Chudd, counsel William Tong and associate Marcelo Valenca. Partner Dominic Foulkes and associate Patrick O’Donovan are providing tax advice. Partner Pritesh P. Shah and associate Adrian Rabin are providing intellectual property advice. Counsel Mark Chalmers and Matthew Yeowart are providing regulatory and antitrust advice. Members of the Davis Polk team are based in the London and New York offices.