Vestar Capital Partners Completes Acquisition of Institutional Shareholder
NEW YORK -- April 30, 2014
Vestar Capital Partners (“Vestar”) announced today that it has completed its
acquisition of Institutional Shareholder Services Inc. (“ISS”) from MSCI Inc.
(NYSE: MSCI). The acquisition was previously announced on March 18, 2014. The
current ISS management team will remain in place and will be meaningful
shareholders alongside Vestar in the company going forward.
Institutional Shareholder Services is a leading provider of corporate
governance solutions to the global financial community. ISS currently has more
than 700 employees operating across 15 global offices in 10 countries. Its
1,700 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
Simpson Thacher & Bartlett LLP served as legal advisor to Vestar Capital
Partners. Morgan Stanley acted as financial advisor and Davis Polk & Wardwell
LLP acted as legal advisor to MSCI on the transaction.
ISS, founded in 1985 as Institutional Shareholder Services Inc., is the
world’s leading provider of proxy advisory and corporate governance solutions
to financial market participants. ISS’ services include objective proxy
research and analysis, end-to-end proxy voting and distribution solutions,
turnkey securities class-action claims management, and reliable governance
data and modeling tools. Clients rely on ISS’ expertise to help them make
informed corporate governance decisions. For more information, please visit
About Vestar Capital Partners
Vestar Capital Partners is a leading U.S. middle market private equity firm
specializing in management buyouts and growth capital investments. Vestar
invests and collaborates with incumbent management teams and private owners in
a creative, flexible and entrepreneurial way to build long-term enterprise
value. Vestar is targeting equity investments in the range of $50 million to
$150 million in U.S.-based middle market companies with enterprise values
ranging from $200 million to $1 billion.
Vestar has extensive experience investing across a variety of industries
including Consumer, Healthcare, Digital Media, Diversified
Industries/Financial Services, and Information Services. Since Vestar’s
founding, Vestar funds have completed more than 70 investments in companies
with a total value of more than $40 billion. For more information, please
Owen Blicksilver Public Relations
Carol Makovich, 203-622-4781
Jennifer Hurson, 845-507-0571
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