P.E. Firm Likely To Buy Proxy Adviser ISS

Mar 11 2014 | 8:40am ET

Institutional Shareholder Services is used to weighing in on acquisitions. But for the third time in seven years, it's to become one with private-equity firm Insight Venture Partners poised to buy it.

The proxy advisory service's current owner, MSCI Inc., has put ISS up for auction. Insight is seen as the likely winner of that contest, The Wall Street Journal reports, and could pay about $300 million for it.

MSCI acquired ISS when it bought RiskMetrics Group in 2010. RiskMetrics had acquired ISS in 2007, paying $553 million for it.


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...