Latham & Watkins advised Equistone and Acuity Knowledge Partners on the sale of Acuity

Latham & Watkins advised Equistone and Acuity Knowledge Partners on the sale of Acuity

The deal is expected to close in the second quarter of 2023

American multinational law firm Latham & Watkins has advised Equistone Partners Europe, one of the leading mid-market private equity investors, and Acuity Knowledge Partners on the sale of Acuity to funds advised by Permira, a global private equity firm.

Permira will acquire a majority stake in the business, with Equistone reinvesting as a minority shareholder.

Acuity is a leading provider of high-value research, analytics and business intelligence to the financial services sector.

In 2019, Latham & Watkins represented Equistone on their acquisition of a management buyout from Moody's Corporation.

The Latham & Watkins team advising on the transaction was led by London private equity partners David Walker and Katie Peek, with associates Stuart McRobbie and Hugo Cliff.