Proxy Monitor acquired Institutional Shareholder Services
July 1, 2001
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August 13, 2001 — Thomson Financial sold its proxy voting service subsidiary, Institutional Shareholder Services to competitor Proxy Monitor. In one purchase, Proxy Monitor more than tripled the number of institutional clients buying its proxy voting services.
About Institutional Shareholder Services
Institutional Shareholder Services Inc. (ISS) is the world’s leading provider of corporate governance and responsible investment (RI) solutions for asset owners, asset managers, hedge funds, and asset service providers.
About Proxy Monitor
Proxy Monitor’s partners in buying ISS include Warburg Pincus and Hermes Pensions Management, a U.K.-based investment firm owned by the BT Pension Scheme. The terms of the buyout were not disclosed, although it is rumored that Thomson Financial received $45 million for the company.