Kirkland Advises IAS on $1.9 Billion Acquisition by Novacap
Kirkland & Ellis advised Integral Ad Science (Nasdaq: IAS), a leading global media measurement and optimization platform, on a definitive agreement to be acquired by Novacap, a leading North American private equity firm, in an all-cash transaction that values IAS at approximately $1.9 billion and positions IAS for further growth as it continues investing in AI-first technology. Under the terms of the agreement, Novacap will acquire all of the outstanding shares of IAS for $10.30 per share in cash. The transaction was announced September 24, 2025 and is expected to close before the end of 2025, subject to customary closing conditions, including receipt of required regulatory approvals. IAS shareholders holding a majority of the outstanding shares of IAS common stock have approved the transaction by written consent. Following the close of the transaction, IAS will continue to operate under the IAS name and brand.
Read the transaction press release
The Kirkland team included corporate lawyers David Klein, Daniel Wolf, Arjun Karthikeyan, Sneha Darbha, Arjun Mocherla and John Sheridan; executive compensation lawyers Rohit Nafday and Anthony Ji; antitrust & competition lawyers Stephen Mohr, Lauren Taylor and Michael Thorpe; capital markets lawyers Bob Goedert, Michael Keeley and Caleb Pilukas; litigation lawyer Jeffrey Ross Goldfine; and technology & IP transactions lawyers John Lynn and Daisy Darvall.
