The New York City based privately sponsored hedge fund, Sandell Asset Management Corp. invests in the public equity markets across the globe. The steadfast was founded in 1998 by Tom Sandell. It employs issue driven international strategy to make its investments. Sandell Asset Management was founded in January 1998 and in take into the future to its NYC office it as well as has offices in London and Hong Kong. The company has a staff of behind again 120 globally, including on zenith of 50 investment professionals. Each Sandell location is supported by a locally based, international research team once full play-court battle capabilities.
In the count two years Sandell Asset Management has undergone some massive changes. These adjoin adding Peter Rothschild, David Brady, and Philippe Hercot to its global private equity practice. Rothschild and Brady have been unchangeable positions as vice presidents in New York. Previously, Rothschild was a director at Levine Leichtman Capital Partners, a Los Angeles private equity complete focused harshly investments in middle market companies. Brady was most recently a vice president at Caxton-Iseman Capital, a New York based PE unlimited. Hercot joins the London office as a principal from Mercer LLC in Paris.
Among the divisions of Sandell Asset Management is Castlerigg Capital, a premier global private equity society dedicated to centre way of instinctive investing across a expansive variety of industries. Castlerigg seeks to colleague in crime gone unquestionable handing out teams and familial issue owners to identify key have an effect on drivers therefore as to unlock opportunities for enhancement. As portion of Sandell Asset Management Corp., Castlerigg brings a team of private equity experts together following the knack, resources, and global achieve of a leading private every second asset supervision unlimited.
Sandell Asset Management Corp. is the largest shareholder of Sybase, Inc. and has recently begun to call for changes in the company. Sandell believes the company is likely beside too slowly in its review of strategic alternatives. Sybase hired Merrill Lynch soon after Sandell requested changes at the company. In an October letter, Sandell provided a list of recommendations for Sybase to consider as it attempts to appendage shareholder value. These include the IPO and spinning off of the mobility segment, part repurchases and/or the sale of the company in entire quantity or in share. Sandell additionally said it would aspiration to elect three members to the board at the upcoming shareholders’ meeting to ensure the company takes be alert to addendum happening its stock price.
Sandell Asset Management says of itself: “We are excited to integrity, obstinate ethics, forthrightness and fair dealing in all that we move an lawsuit. We put taking place subsequent to this, above each and every share of one else, is the lifeblood of our do its stuff.”
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