We are advising MSCI on the acquisition

Davis Polk is advising MSCI Inc. on the acquisition of Trove Research, a specialist data, analysis and advisory firm. The transaction is expected to close by yearend 2023, subject to customary closing conditions. Financial terms of the transaction were not disclosed.

MSCI supplies critical decision support tools and services to the global investment community. With over 50 years of expertise in research, data and technology, MSCI enables clients to make better investment decisions by helping them understand and analyze key drivers of risk and return and confidently build more effective portfolios.

Founded in 2015, Trove Research is a world-renowned source of intelligence across carbon markets, combining deep sector knowledge with proprietary data and cutting-edge models. Since 2020, Trove Research has focused exclusively on tracking corporate climate commitments and providing high quality data and insights into the voluntary carbon market through a single, unified platform.

The Davis Polk corporate team includes partner William J. Chudd, counsel William Tong and associate Sophie Vacikar Bessisso. Partner Dominic Foulkes and associate Freddie Schwier are providing tax advice. Partner Pritesh P. Shah and associates Alison T. Chin and Emma Willems are providing intellectual property advice. Counsel Neil Sharpe is providing executive compensation advice. Members of the Davis Polk team are based in the London and New York offices.