Announcements
July 02, 2007

Kramer Levin Assists RiskMetrics Group in its Agreement to Acquire Industry-Leading Forensic Accounting Research Company

Kramer Levin client RiskMetrics Group, parent company of proxy advisory firm Institutional Shareholder Services, announced on July 2 that it has agreed to acquire forensic accounting firm Center for Research & Analysis (CFRA) and will name its chief executive, Rich Leggett, as head of ISS.

Howard Spilko, Andrew Ward, Ari Edelman, Barry Herzog, Tamika Cushenberry, Kevin Moss and Avram Cahn worked on the deal, with critical input from Abbe Dienstag, Richard Gilden, Ernie Wechsler and Jeff Taylor.

Last November, RiskMetrics acquired ISS, the largest U.S. firm advising shareholders how to vote on corporate matters like mergers and board elections. It has over 900 employees and an annual revenue of $210 million.

CFRA is majority owned by private-equity firm TA Associates.

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