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Innisfree Receives Top Proxy Solicitor Ranking in Activism in First Half Of 2021

07/06/2021 | 03:47pm EST

#1 Global Proxy Solicitor by Bloomberg Global Activism Review

Also, Overall Leader in U.S. and in Activism Situations Involving Market Caps in Excess of $1Bn

Innisfree M&A Incorporated was ranked the top Global Proxy Solicitor in the first half of 2021 by the Bloomberg Global Activism Review. Innisfree was also the overall leading proxy solicitor in the U.S based on data in the Review, as well as in activism situations at companies with market caps in excess of $1 billion.

So far this year, Innisfree’s activism engagements include: Engine No. 1 in its successful proxy contest at Exxon Mobil; Tegna in its successful proxy contest defense against Standard General for the second year in a row; Adverum Biotechnologies in its successful defense against Sonic Fund; Kohl’s in its defense against an activist consortium; Boston Private Financial in its completed merger with SVB Financial Group despite a proxy contest waged against the deal by HoldCo Asset Management; CoreLogic in its successful defense against the lowball offer by Senator Investment Group and Cannae Holdings, Stratus Properties in its proxy contest win against Oasis Management; Leaf Group in its completed merger with Graham Holdings despite opposition from several top shareholders; and Pluralsight in its successful transaction with Vista Equity, which faced a proxy contest waged by Eminence Capital.

Arthur B. Crozier, Innisfree’s Chairman, noted, “Once again, our team has produced extraordinary results for our clients. Particularly gratifying is the breadth of our representations. Innisfree was the leading proxy solicitor for issuers in seven of the 12 business sectors listed in the Bloomberg Review: Communications, Consumer Discretionary, Financials, Health Care, Real Estate, Technology and Utilities. The Review also noted that we worked on three of the top five largest advanced-stage proxy fights. The aggregate market cap of the activism situations we worked on was approximately $750bn, far greater than that of any of our competitors.

“I am extremely proud of our extremely talented and dedicated team and look forward to continued success for our clients through 2021 and beyond.”

About Innisfree

Founded in 1997, Innisfree M&A Incorporated (New York), along with its wholly-owned subsidiary Lake Isle M&A Incorporated (London), is a high-stakes shareholder engagement firm, delivering shareholder intelligence, strategic advice and proxy solicitation services to the world’s leading corporations and investors when it matters most. Its integrated approach and unsurpassed analytics--ActiveIQ™--set Innisfree apart as the firm of choice. Innisfree provides expert advice on a wide range of matters, including shareholder activism, executive compensation proposals, corporate governance issues and investor relations.

With an experienced professional staff in New York, London, Pittsburgh and Richmond, VA, Innisfree has represented hundreds of clients in over 20 countries. www.innisfreema.com


© Business Wire 2021
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