November 1, 2006
Financial risk management firm RiskMetrics Group announces plans to acquire Institutional Shareholder Services Inc., the world’s leading provider of proxy voting and corporate governance solutions to the institutional marketplace.
On November 1, leading financial risk management firm RiskMetrics Group announced that it will acquire Willkie client Institutional Shareholder Services Inc. (ISS), the world’s leading provider of proxy voting and corporate governance solutions to the institutional marketplace. As reported in the November 1 Wall Street Journal, ISS will become a wholly owned subsidiary of RiskMetrics, and the combined company will have nearly 900 employees and about $210 million in annual revenue. The merger facilitates both companies’ plan to expand beyond their core businesses of financial risk management and corporate governance to offer a broad range of data, analytics and advice to investors. The deal was handled by partner Jeffrey Poss; special counsel Kim Walker; and associates Adam Turteltaub, David Rubinsky, Park Bramhall, Jordan Messinger, Christopher Peters and Amanda Granacher.
