Genstar Capital buying ISS
September 8, 2017

Institutional Shareholder Services (ISS), a provider of corporate governance and responsible investment solutions to financial market participants, today announced that Genstar Capital has entered into a definitive agreement to acquire ISS from Vestar Capital Partners for US$720 million.

The transaction is expected to close by early in the fourth quarter, subject to customary closing conditions. ISS will continue to operate independently once the transaction is completed and the current ISS executive leadership team will remain in place.

Said ISS President & Chief Executive Officer Gary Retelny: "ISS has the right partner in Genstar to remain sharply focused on our longstanding commitment to provide market-leading expertise, innovation, and service in the area of global corporate governance.

"Our partnership with Gary Retelny and the ISS management team has been extremely productive and highly successful, including the completion of five acquisitions, which significantly broadened its products and services," said Rob Rosner, Co-President of Vestar.

ISS currently has more than 1,000 employees operating across 19 global offices in 13 countries. Its approximately 3,000 clients include many of the world's-leading institutional investors who rely on ISS' objective and impartial proxy research and data to vote portfolio holdings, as well as public companies focused on governance risk mitigation as a shareholder-value enhancing measure.

Simpson Thacher & Bartlett LLP acted as legal advisor to ISS and Vestar Capital Partners on the transaction, Willkie Farr & Gallagher LLP advised Genstar Capital, and Davis Polk & Wardwell LLP advised ISS management.





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Institutional Shareholder Services (ISS), a provider of corporate governance and responsible investment solutions to financial market participants, today announced that Genstar Capital has entered into a definitive agreement to acquire ISS from Vestar Capital Partners for US$720 million.

The transaction is expected to close by early in the fourth quarter, subject to customary closing conditions. ISS will continue to operate independently once the transaction is completed and the current ISS executive leadership team will remain in place.

Said ISS President & Chief Executive Officer Gary Retelny: "ISS has the right partner in Genstar to remain sharply focused on our longstanding commitment to provide market-leading expertise, innovation, and service in the area of global corporate governance.

"Our partnership with Gary Retelny and the ISS management team has been extremely productive and highly successful, including the completion of five acquisitions, which significantly broadened its products and services," said Rob Rosner, Co-President of Vestar.

ISS currently has more than 1,000 employees operating across 19 global offices in 13 countries. Its approximately 3,000 clients include many of the world's-leading institutional investors who rely on ISS' objective and impartial proxy research and data to vote portfolio holdings, as well as public companies focused on governance risk mitigation as a shareholder-value enhancing measure.

Simpson Thacher & Bartlett LLP acted as legal advisor to ISS and Vestar Capital Partners on the transaction, Willkie Farr & Gallagher LLP advised Genstar Capital, and Davis Polk & Wardwell LLP advised ISS management.



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