La Caisse Arm Buys Database Firm ISC in $872 Million Deal

Caisse de dépôt et placement du Québec’s infrastructure arm will take Canadian database company Information Services Corp. private in a C$1.2 billion ($872 million) deal. The transaction is a meaningful take-private M&A event and should be modestly supportive for ISC shareholders, but it is otherwise a company-specific announcement with limited broader market impact.

Analysis

Caisse de dépôt et placement du Québec’s infrastructure arm will take Canadian database company Information Services Corp. private in a C$1.2 billion ($872 million) deal. The transaction is a meaningful take-private M&A event and should be modestly supportive for ISC shareholders, but it is otherwise a company-specific announcement with limited broader market impact.