02/26/2021 | News release | Distributed by Public on 02/27/2021 11:13
Davis Polk represented the management of Institutional Shareholder Services Inc., including Gary Retelny, CEO, in connection with the acquisition of a majority share of approximately 81% in ISS by Deutsche Börse AG, which valued the company at $2.275 billion, and the creation of a management investment entity structure.
Founded in 1985, ISS empowers investors and companies to build for long-term and sustainable growth by providing high-quality data, analytics and insight. As an international exchange organization and innovative market infrastructure provider, Deutsche Börse ensures markets characterized by integrity, transparency and stability.
The Davis Polk executive compensation team included partner Veronica M. Wissel and associates Nicholas D. DeLuca and Kathleen Ginder. The mergers and acquisitions team included partner Evan Rosen and associate Jamie Kurtz. Partner Patrick E. Sigmon and associate Elina Khodorkovsky provided tax advice. Partner Hilary Dengel provided finance advice. The trusts and estates team included partner Paula A. Ryan and counsel Sarah L. DeBergalis. All members of the Davis Polk team are based in the New York office.