global fintech m&a activity

Summary List Placement

The global capital market exchange has bought an 80% stake in Institutional Shareholder Services (ISS), based on a $2.28 billion valuation for the whole firm, per Finextra.

More than 2,000 asset managers, including the global top 10, leverage ISS’ data analytics and insights to inform their environmental, social, and corporate governance (ESG) investment strategies. The purchase is expected to close in early 2021 following regulatory approval, and ISS will continue to operate independently.

The acquisition will help Deutsche Börse better meet client needs and boost its ongoing tech transformation.

ISS helps clients overcome challenges in assessing the impact of their investments. ESG factors are more subjective than traditional fund metrics that mainly focus on volatility and performance, making them challenging to embed in investment decisions. Asset managers can outsource this process to ISS’ ESG digital platform, which analyzes the wider range of metrics involved in defining sustainability to produce data-driven insights based on a client’s specific ESG strategy and targets.
The purchase is the latest move in the global exchange’s journey to deepen its ESG data analytics capabilities. ISS’ offering will complement Deutsche Börse’s existing analytics unit, Qontigo, which was 


Source:: Businessinsider – Finance

      

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