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

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of