The acquisition is priced at roughly 20x adjusted Ebitda under peer‑based valuation model.

Deutsche Boerse Group has announced that it has agreed to acquire the remaining 20% minority stake in ISS Stoxx from General Atlantic. The decision ends a partnership that began in 2019 with the purchase of Axioma, followed by the 2023 integration of ISS’ stewardship and ESG services with the Stoxx index franchise to form ISS Stoxx, a data, analytics and index provider serving buy‑side clients. According to Deutsche Boerse, full ownership will enable the group to simplify the execution o