Private Equity Firm Novacap to Acquire Integral Ad Science in $1.9 Billion Deal

Integral Ad Science Holding Llc US45828L1089

The publicly-traded journey for advertising technology specialist Integral Ad Science Holding LLC is set to conclude following a definitive agreement to be acquired by private equity firm Novacap. The all-cash transaction, valued at approximately $1.9 billion, will see the company delisted from the stock market and return to private ownership before the end of the year.

Under the terms approved by the Integral Ad Science board of directors, Novacap will pay $10.30 per share in cash. This offer price represents a significant premium of about 22 percent over the stock’s closing price prior to the acquisition announcement. The company’s board has given its unanimous support to the deal, which has also received approval from a majority of shareholders.