Buyout house Warburg Pincus and co-investors in Institutional Shareholder Services Inc. are poised to make 13 times their original money selling the corporate governance and proxy advisory firm to RiskMetrics Group Inc., according to a well-placed source.
RiskMetrics Group announced Wednesday, Nov. 1, that it would buy ISS. No terms were announced, but a source said the price was $553 million.
ISS had capitalized in recent years on increased concerns about corporate governance and the demands of institutional investors for research on key corporate votes.
Thursday, November 02, 2006
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