Private equity firm Novacap will buy Integral Ad Science IAS-Q in a deal valuing the target at around US$1.9-billion, the digital ad verification company said on Wednesday.

Novacap, having more than US$10-billion in assets under management, will acquire all of IAS’ outstanding shares for US$10.30 apiece in cash, representing a premium of around 22 per cent to the stock’s last closing. IAS shares were trading about 20 per cent higher before the bell.

Toronto-based Adastra, a tech consulting firm, sold to American private equity giant Carlyle

Power Corp. investment firm Sagard buys European private equity business from Unigestion

The deal, expected to close before the end of this year, is the latest in a string of private equity buyouts of software and technology companies as they bet

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