- How do activists determine if a company is an attractive target?
- Information gathering and analysis, due diligence and stealth accumulation programs
- Shareholder and media outreach using white papers, websites and social media
- Stock price performance, key financial and operational metrics
- Board composition and governance “red flags”
- Engagement with the target’s management and board
- How do Institutional Investors and Activist Investors Work Together?
- Activist partnerships: Do activist investors have more success when joining forces?
Behind Activist Campaigns
THE GROWTH OF ACTIVIST INVESTING IN EUROPE
Shareholder activist campaigns continue to increase in the U.S. markets, and not a week goes by without seeing a new campaign waged against a prominent corporation. As hedge fund activists continue to explore new jurisdictions and show strong interest in targeting European corporations, it is out of necessity that the management, boards and advisors of public companies have had to gain an understanding of the objectives, strategies and approaches of activist investors.
In recent years, sluggish growth in the European markets has offered opportunities for activist investors to target a number of underperforming companies. In 2014 Bwin.party, Vivendi, Nexans, SkyDeutschland, Interpump Group, and Indensit are just some of the companies who found themselves on the defense against activist campaigns.
Activist Investing in Europe explored what may attract an activist to target a company, and what to expect if one becomes the object of an activist campaign.
- Tuesday, May 19