Equistone acquires Moody’s Analytic Knowledge Services
Mid-market private equity investors, Equistone Partners Europe, has agreed to acquire Moody’s Analytics Knowledge Services, reports Jane Connolly.
The London-based company provides bespoke research, analytics and automation technology to the financial services sector. With nine delivery centres around the world, Knowledge Services serves more than 250 banks, asset managers and consulting firms globally.
“The market for bespoke research and analytical support to the global financial services sector has expanded significantly in the past decade, fuelled by a growing appreciation that utilising offshore, specialist services can enhance output and provide operational benefits,” says Tim Swales, partner at Equistone. “Knowledge Services has firmly established itself as one of the leading providers in this fast-growing space.”
Robert King, CEO of Knowledge Services, adds: “The success of Knowledge Services is a testament to the strength of demand from the financial services industry for our market-leading services, and the exceptional quality of our teams around the world. As an independent company, with Equistone’s backing, we plan to continue expanding our proprietary suite of automation tools by investing further in our technology capabilities.”
The existing management team also invested and will remain in place. Richard Briault, investment director at Equistone, will join Knowledge Services’ board.
Financial details have not been disclosed and the deal is subject to certain closing conditions.
