NEW YORK & SAN FRANCISCO (October 27, 2017) – Genstar Capital (“Genstar”) announced today that it has completed its acquisition of Institutional Shareholder Services Inc. (“ISS”) from Vestar Capital Partners (“Vestar”). The acquisition, which valued ISS at $720 million, was previously announced on September 7, 2017.
ISS is the world’s leading provider of corporate governance and responsible investment solutions for asset owners, asset managers, hedge funds, asset service providers, and corporations. ISS currently has more than 1,000 employees operating across 19 global offices in 13 countries. Its clients include institutional investors, who rely on ISS’ objective and unbiased proxy research and data to vote their portfolio holdings, as well as corporations focused on governance risk mitigation as a shareholder value-enhancing measure. ISS’ management team will remain in place.
Simpson Thacher & Bartlett LLP acted as legal advisor to ISS and Vestar Capital Partners on the transaction, Willkie Farr & Gallagher LLP to Genstar Capital, and Davis Polk & Wardwell LLP to ISS’ management.
