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Longacre Square Partners represented Hestia Capital Management hedge fund as it won its proxy fight at Pitney Bowes.
PB announced on May 9 that a preliminary vote count found that shareholders voted in support of four of Hestia’s five nominees to the nine-member board.
A PB spokesperson told the Wall Street Journal that the shipping services company looks forward to working constructively with the Hestia-backed directors on the future of the company and on behalf of all shareholders.
Kurt Wolf, Hestia founder and newly minted PB director, said his group is eager to work with incumbent directors to spur a value-generating turnaround at PB.
The proxy fight was one of the first to be waged under new SEC rules that allow investor groups greater ability to place new members on corporate boards.
The rules mandate the use of universal proxy cards that list the names of all director candidates whether they were nominated by management or by outsiders.
Longacre Square Partners’ Greg Marose, Charlotte Kiaie, Casie Connolly and Miller Winston handled Hestia’s run at PB.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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