Deutsche Boerse Values ISS At $2.3B As It Buys 80% Stake
Law360 (November 17, 2020, 9:04 PM EST) -- Deutsche Boerse unveiled plans Tuesday to buy a controlling stake in Institutional Shareholder Services from private equity firm Genstar Capital in a deal steered by Cravath and Willkie that values the shareholder advisory firm at about $2.28 billion excluding debt.
Deutsche Boerse AG, guided by Cravath Swaine & Moore LLP, announced it was purchasing an 80% stake in Institutional Shareholder Services Inc., leaving Genstar Capital LLC and the company's management with a 20% stake in the business. ISS and Genstar are working with Willkie Farr & Gallagher LLP and in-house counsel in the transaction.
Deutsche Boerse, which owns the Frankfurt Stock...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!