Build a Winning Case for Change
We help activist investors understand how peer shareholder expectations and market priorities are shaping valuation and TSR in the short to medium term. By identifying these drivers, we position your campaign to align with the perspectives of unaffiliated institutional investors, ensuring that your thesis resonates with them.
Our work focuses on crafting a compelling case for change grounded in both financial and governance arguments. We assess operational performance, capital allocation, governance practices, and strategic alternatives through the lens of investor priorities, highlighting value creation opportunities and addressing gaps in the company’s current approach.
We also help anticipate how institutional investors and proxy advisors are likely to react to your proposals, enabling you to pre-empt counterarguments and strengthen your position. From shaping a credible plan for the company or asset, to demonstrating the achievability of margin improvements or capital redeployment, we build a narrative that can win support in a contested vote.
Ultimately, our goal is to secure the backing of unaffiliated shareholders by aligning your campaign with prevailing investor demands and presenting a credible, well-supported roadmap for value creation. This maximizes your leverage in negotiations and your chances of success in any activism campaign.
Our Services
Activism Campaign Strategy
Helps activist investors design and execute campaigns that resonate with unaffiliated shareholders. Each engagement is tailored to the company’s situation, combining a deep understanding of peer investor demands with sharp financial and governance arguments to build a persuasive case for change and maximize the chances of success in a contested vote.
Engagement Preparation
Prepares activists for interactions with proxy advisors and influential institutional investors by simulating engagement scenarios, anticipating potential pushback, refining messaging, and conducting dry runs. Ensures proposals are positioned to meet the analytical frameworks of ISS, Glass Lewis, and key institutional investors. Offers insight into how to gain trust, credibility, and momentum with shareholders who will determine the outcome of a proxy fight.
Governance Reform Strategy
Identifies governance shortcomings and develops proposals that align with institutional investor expectations on board composition, oversight, and accountability. Benchmarks governance practices against peers and leading standards, crafting reforms that reinforce the activist’s credibility as a steward of long-term value creation.
Target Vulnerability Analysis
Analyzes a company from the perspective of an institutional investor to identify strategic, financial, and governance weaknesses that could justify change. Highlights areas such as underperformance relative to peers, inefficient capital allocation, flawed governance structures, or missed strategic opportunities, providing a foundation for a credible campaign thesis.
Investor Sentiment & Expectation Studies
Provides detailed analysis of how peer investor expectations and market trends are influencing the company’s valuation and TSR. Identifies the shareholder priorities most likely to drive support for change, enabling activists to tailor proposals that align with the broader investor base.