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Prosek Partners represents UK activist investor Palliser Capital, which claims Japan’s Toto Ltd, the country's top toilet bowl maker, ranks as an undervalued AI asset play.
Palliser on Nov. 17 released a presentation calling Toto “The Most Undervalued and Overlooked AI Memory Beneficiary.”
The presentation tackles Toto’s valuation disconnect and outlines a pathway to unlock over 55 percent upside growth for shareholders.
Earlier this month, Palliser sent a letter to Toto’s board that outlined its concerns.
Toto, which is better known for its “tornado flush” and heated seats, generates more than 50 percent of its operating profit from its advanced ceramics unit that supports next-generation semiconductor manufacturing.
The Financial Times notes that Palliser has been playing an increasingly prominent role in shareholder activism in Japan, which has exploded in recent years.
Prosek Partners has Brian Schaffer, Kiki Tarkhan and Forrest Gitlin representing Palliser.
Longacre Square Partners represents Ancora Holdings as it urges the board of Big Yellow Group to conduct a strategic review of the UK’s No. 1 self-storage company.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a commitment from Koch Equity Development and the Getty family to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
