March 20, 2014
Will the Real ISS Buyer Please Stand Up? Vestar Capital Partners
– Broc Romanek, CompensationStandards.com
On Tuesday morning, I got this press release announcing that ISS had been sold by MSCI to Vestar Capital Partners to the tune of $364 million. Drats! Fooled again by a rumor in the mass media as I had blogged last week about another likely purchaser due to a WSJ article.
The transaction is expected to close in the second quarter. ISS will operate independently and the current ISS executive team will remain in place. Here’s a Reuters’ article…