This post was originally published on here
- According to the terms of the transaction, IAS shareholders will receive $10.30 in cash for each share of IAS common stock they own
- Lisa Utzschneider serves as CEO of IAS
Novacap has completed its take-private buyout of Integral Ad Science, a New York City-based media measurement and optimization platform. The deal values IAS at approximately $1.9 billion.
According to the terms of the transaction, IAS shareholders will receive $10.30 in cash for each share of IAS common stock they own.
Lisa Utzschneider serves as CEO of IAS.
“IAS is a category leader with significant opportunity to build on their momentum, and we’re thrilled to fuel their continued growth on the path ahead,” said Samuel Nasso, partner, technologies, at Novacap in a statement. “We look forward to working closely with Lisa and the talented team of IAS employees, with a focus on investing in innovation, scaling globally, and creating transformative value for advertisers and publishers.”
Jefferies LLC is serving as exclusive financial advisor to IAS, and Kirkland & Ellis is serving as legal advisor to IAS.
Evercore is serving as financial advisor to Novacap, and Willkie Farr & Gallagher LLP is serving as legal advisor to Novacap.
