Nasdaq to Acquire eVestment for $705 Million

September 6, 2017

Firm represents eVestment, a global provider of institutional investment data intelligence and analytic solutions, in its sale to Nasdaq.

On September 5, Nasdaq (Nasdaq:NDAQ) announced that it will acquire Willkie client eVestment, a global provider of institutional investment data intelligence and analytic solutions, from Insight Venture Partners for $705 million in debt and cash.

It is expected that eVestment will further enhance Nasdaq's Global Information Services business by allowing the company to broaden its reach into the buy-side and leverage the extensive expertise of the leadership team. Nasdaq's data and index operations, coupled with eVestment's institutional focus, will result in the creation of new solutions and expanded distribution to support the asset management community.

eVestment is an industry-leading content and analytics provider used by asset managers, investment consultants and asset owners to help facilitate institutional investment decisions. The company provides institutional investors the largest, most comprehensive database for both traditional and alternative strategies, including as many as 2,800 individual data points on more than 74,000 investment vehicles.

Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions.

The Willkie deal team was led by partners Gordon Caplan and Matthew Guercio and included partners Michael Katz, Christopher Peters and Eugene Chang; associates Matthew Haddad, Stephanie Moran, Matthew Makover and Kapiljeet Dargan; and law clerks Tai Fukumoto and Peter Coulson.