This article was first published on Insightia’s Activism module on April 27, 2022. For more information about the product, click here.
Morrow Sodali has secured a majority investment from alternative asset firm TPG and described the investment as being key to the firm’s goal of “delivering value creation”.
In a Wednesday press release, Morrow Sodali CEO Alvise Recchi stated that the shareholder engagement and governance advisory firm was “thrilled” to become part of the TPG portfolio and that the investment will allow it to “further enhance” its “market leadership position.”
Partner at TPG Ransom Langford, said: “Morrow Sodali’s differentiated ability to deliver results for its diverse set of clients, combined with a commitment to its values of integrity, excellence, collaboration, innovation and respect creates a unique opportunity for our partnership.”
Morrow Sodali added that it intends to accelerate its efforts in both “global acquisitions and personnel investments” with the newfound investment.