Nasdaq to pay 16.5x for Insight PE-backed eVestment

evestment, Nasdaq, private equity, fintech, merger, M&A
Businessman presenting financial analysis with charts generated by big data displaying international success and dollar signs. ninoelnino/iStock/Getty Images
  • Nasdaq pays 16.5x adjusted cash EBITDA for 2018
  • Insight investment in eVestment dates to 2008: PitchBook
  • CEO Minnick is staying at eVestment
Insight Venture Partners is exiting eVestment, the data company it has backed for more than nine years. Nasdaq said Sept. 5 that it would buy eVestment for $705 million. The exchange operator said it would fund the deal with cash ...

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