In August 2017, we provided subscribers with information on key raters, rankers, scorekeepers in the ESG categories. One prominent firm of long-standing is Institutional Shareholder Services (ISS)..
The firm advises institutional investors — including many “universal owners” such as public employee pension funds and organized labor funds that represent the interests of millions of beneficiaries.
ISS was an independent organization, then part of MSCI and then was acquired by Vestar Capital Partners three years ago. Now ISS is headed for ownership by the P/E firm, Genstar Capital, which announced an agreement to acquire ISS right after Labor Day (on September 7th); the deal is slated to close in 4Q 2017.
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