Innisfree Receives Top Proxy Solicitor Rankings in Activism for 2021
#1 Global Proxy Solicitor by Bloomberg Global Activism Review
#1 Proxy Solicitor by Insightia
January 5, 2022 (New York, New York). Innisfree has been named the top Global Proxy Solicitor for companies by the Bloomberg Global Activism Review for the 2021 calendar year. It has also been named #1 Proxy Solicitor in 2021 by Insightia (Activist Insight).
It was a banner year for Innisfree, which worked on 75 activist situations at companies with an aggregate market cap of approximately $1 trillion. Among its most noteworthy representations was the groundbreaking proxy fight by Engine No. 1 against ExxonMobil.
Innisfree also represented Canadian Pacific Railway in its successful topping bid for Kansas City Southern against Canadian National; Box Inc. in its successful defense against Starboard Value; Genesco in its successful defense against Legion Partners; Tegna Inc. in its successful defense, for the second year in a row, against Standard General; Kohl’s in its proxy contest defense against a shareholder consortium led by Macellum; Standard Industries and 40 North in their successful bid for W.R. Grace; Geopark in its successful defense against a former co-founder; and Pluralsight and Boston Private Financial in their completed mergers despite opposition from Eminence Capital and Holdco Asset Management, respectively.
Additionally, in 2021, Innisfree advised companies in numerous other situations involving activists such as Carl Icahn, JANA Partners, Elliott Management, Barington Capital Group, Sarissa Capital, Scopia Capital Partners, Sachem Head Capital Management, Corvex, Politan Capital Management, Mantle Ridge, Ancora Advisors, Saba, Bulldog, Land and Buildings Investment Management, and Avoro Capital.
Arthur B. Crozier, Innisfree’s Chairman, noted, “Innisfree’s superior resources have enabled it to remain focused on providing exceptional guidance to our clients throughout the past year. We are grateful not only to our very dedicated and knowledgeable staff, but also to the many talented bankers, legal teams and financial public relations advisors with whom we work so closely in every representation. As Innisfree enters its 25th year of doing business in this exciting community, we look forward to continuing to develop our expertise so that we can maintain a leadership position.”
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
Innisfree M&A Incorporated
Arthur B. Crozier, 212-750-5833