Plenary Americas Completes $1.2B Acquisition of ISC
Information Services Corporation is now privately held after Plenary Americas wrapped up its roughly $1.2 billion takeover deal.
If you held shares of Information Services Corporation on the Toronto Stock Exchange, your wait is over — and so is your stake. ISC, the Saskatchewan-based company that trades under the ticker ISC on the TSX, officially completed its acquisition by Plenary Americas LP through a statutory plan of arrangement under Saskatchewan's Business Corporations Act. In plain terms, the company is now privately owned.
Shareholders who held ISC's Class A Limited Voting Shares walked away with CAD$51.00 per share in cold, hard cash. That's a straightforward payout with one notable exception: certain senior management members had already signed equity rollover agreements, meaning they're keeping a piece of the company rather than cashing out entirely. Think of it as the executive team betting on the new chapter.
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The deal pegs ISC's total implied enterprise value at approximately $1.2 billion — a figure that captures not just the equity payout to shareholders but the broader worth of the business as Plenary Americas sees it. Enterprise value is essentially what a buyer thinks the whole company is worth, debts and all, so it tends to run higher than the straight market cap you'd see quoted on a stock exchange.
Plenary Americas, the acquiring entity, operates as a wholly-owned subsidiary of Plenary Americas LP, a infrastructure-focused investment firm. With ISC now under its umbrella, the transaction marks a significant shift for a company that has long played a key role in providing registry and information services in Canada.
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