Latham & Watkins has advised Equistone Partners Europe (Equistone), one of Europe’s leading mid-market private equity investors, and Acuity Knowledge Partners (Acuity), on the sale of Acuity, a leading provider of high-value research, analytics and business intelligence to the financial services sector, 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. The deal, which is subject to customary regulatory approvals, is expected to close in the second quarter of 2023. Latham also represented Equistone on their acquisition of the business in 2019 - a management buyout from Moody’s Corporation. The Latham team was led by London Private Equity partners David Walker and Katie Peek, with associates Stuart McRobbie and Hugo Cliff.~~