![]() ![]() The settlement is one of a growing number of agreements between corporations and activist agitators this year, including Monday's agreement between software company Salesforce and Elliott Management.Advised Keeper Security and Insight Partners on Keeper’s minority investment from Summit PartnersĪdvising the Conflicts Committee of the Board of Directors of GasLog Partners on its sale to GasLog Ltd.Īdvised DOF Group on the completion of its comprehensive restructuringĪcted as the Exclusive Financial Advisor to Kredivo Holdings on its Series D equity fundraising round led by Mizuho Bank, Ltd.Īdvising LabCorp on its acquisition of Enzo Biochem’s Clinical Labs DivisionĪdvising Blackstone on its acquisition of CventĪdvising the Special Committee of Diversey on the proposed take private of Diversey by Solenis, a portfolio company of Platinum EquityĪdvising Tidewater on its acquisition of platform supply vessels from Solstad OffshoreĪdvising Advent International on its sale of Tag to DentsuĪdvised Abra Group on its private placementĪdvised IXL Learning on its acquisition of Teachers Pay TeachersĪdvising PSP on its acquisition of Radius Global InfrastructureĪdvising Everfuel on the creation of a green hydrogen infrastructure joint venture with Hy24 and Hy24’s parallel equity investment into EverfuelĪcted as a Passive Bookrunner on American Water Works Co.’s Follow-on OfferingĪdvising abrdn on the sale of its Discretionary Fund Management Business to LGTĪcted as an Active Bookrunner on Apellis Pharmaceuticals’ Follow-on OfferingĪdvised Tusker on its sale to Lloyds Banking GroupĪdvised EO Charging on its capital raise from Vortex Energy and Zouk CapitalĪdvising Chesapeake Energy on the sale of a portion of its Eagle Ford assets to INEOS EnergyĪdvising Patrinvest on its acquisition of a minority stake in Tikehau Capital AdvisorsĪdvised the Ad Hoc Group of First Lien Term Loan Lenders on Yak Access’ Comprehensive Out-of-Court RestructuringĪdvising Avaya on its Restructuring via Pre-Packaged Chapter 11 bankruptcyĪcted as an Active Bookrunner on Mineralys Therapeutics’ Initial Public OfferingĪdvising Urgently on an all-stock merger with OtonomoĪdvising Post Holdings on its acquisition of select pet brands from The J.M. Its stock price has fallen 28% in the last 52 weeks. ![]() influence business activity from the loading dock to the board room. It pushed the company to improve corporate governance by putting all directors up for election every year. Organizations with Diligent Cybersecurity Less Likely to Fall Victim to Costly. Impactive blamed poor profit margins and capital allocation for Envestnet's underperformance and said its management and board directors were overpaid. It is a tool I consistently use to provide immediate access and seamless navigation by facilitating communications and enabling timely viewing of current and historical meeting materials to the Flinn Board and Executive Staff. The due diligence process that we undertake in connection with investments. Diligent Boards significantly reduces preparation time for board directors and C-Suite meetings. The hedge fund, one of a small number of activist firms run by a woman and a minority, proposed adding Wolfe to Envestnet's board last year in private discussions but was rebuffed.Įnvestnet has seven board members but until reaching this agreement only three stood for re-election every year, putting the company, which has a market value of $3 billion, out of step with corporate America, where directors are generally voted on annually. Board means the board of directors of the Company. Envestnet, to provide data management and reporting services as part of the. Impactive, founded by veteran investors Taylor Wolfe and Christian Asmar, owns a 7.5% stake in Envestnet and in January nominated four director candidates to the board. will be diligent to keep actions and reactions so far above board that a. "These appointments were informed by Envestnet's ongoing dialogue with shareholders as we continue to execute on our strategic plan to deliver enhanced value to shareholders," James Fox, Envestnet board chairman, said in a statement. Access Diligent Boards online and enjoy a simplified experience to practice good governance from your preferred device, anywhere in the world. Longtime banking executive Barbara Turner, veteran board member Wendy Lane and Lauren Taylor Wolfe, the co-founder of Impactive Capital, joined the board in the last days.Įnvestnet, which provides technology and automation software for financial advisors and banks, also said it will suggest that all of its directors stand for election every year. Envestnet Simplifies the Delivery & Lifecycle Management of Income- and Protection-Focused Products by Integrating SIMON's End-to-End Suite of Digital Tools Across its Ecosystem News provided by. (NYSE: ENV), a leading provider of intelligent systems for wealth management and financial wellness, today announced the appointment of three new independent directors to its Board.
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