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Davis Polk Advises S&P Global on Its Acquisition of Kensho

Davis Polk is advising S&P Global Inc. on its acquisition of Kensho Technologies Inc. for a purchase price of approximately $550 million, net of cash acquired. The consideration to be paid to the equityholders of Kensho will include cash and stock of S&P Global. The transaction, which is expected to close late in the first quarter of 2018 or early in the second quarter of 2018, is subject to regulatory approval and other customary closing conditions.

S&P Global is a provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. Kensho is an award-winning machine intelligence company founded out of Harvard University that applies AI for real-world impact across government and commercial institutions around the world.

The Davis Polk corporate team includes partner Brian Wolfe and associates Robert F. Smith, Reid B. Fitzgerald and Michael Senders. Partner Veronica M. Wissel and associate Joshua S. Sills are providing executive compensation advice. Partner Rachel Kleinberg and associate Isaac MacDonald are providing tax advice. Partner Frank J. Azzopardi is providing intellectual property and technology advice. Partner Joseph A. Hall is providing capital markets advice. Members of the Davis Polk team are based in the New York and Northern California offices.