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Top related persons:
Lauren Taylor Wolfe - 1 Christian Alejandro Asmar - 1 Wolfe - 1 Asmar - 1 Impactive - 1 Concentrix - 1 Ken Squire - 1
Top related locs:
Impactive CalSTRS Asia Caribbean United States
Top related orgs:
CX - 1 Impactive - 1 Concentrix - 1 13D - 1

Search resuls for: "Asmar"


7 mentions found


☆ Activist Impactive sees an opportunity to build value with an ESG tilt at Concentrix
  + stars: | 2023-10-28 | by ( Kenneth Squire | ) www.cnbc.com   time to read: +6 min
Business: Concentrix provides technology-infused customer experience (CX) solutions and runs customer service for 2,000 customers globally. They are the second largest outsourced CX company globally and provide CX process optimization, technology innovation, front- and back-office automation, analytics and business transformation services. Activist Commentary: Impactive Capital is an activist hedge fund founded in 2018 by Lauren Taylor Wolfe and Christian Alejandro Asmar. Impactive Capital is an active ESG (AESG) investor that launched with a $250 million investment from CalSTRS and now has almost $3 billion. Concentrix, the second-largest outsourced CX company globally, is a high-quality business.
Persons: Lauren Taylor Wolfe, Christian Alejandro Asmar, Wolfe, Asmar, Impactive, Concentrix, Ken Squire Organizations: CX, Impactive, Concentrix, 13D Locations: Impactive, CalSTRS, Asia, Caribbean, United States
☆ Impactive takes a stake in Clarivate and sets the tone for activism in the post-SPAC world
  + stars: | 2023-05-06 | by ( Kenneth Squire | ) www.cnbc.com   time to read: +5 min
Business: Clarivate is a global information, analytics and workflow solutions company. Activist Commentary: Impactive Capital is an activist hedge fund founded in 2018 by Lauren Taylor Wolfe and Christian Alejandro Asmar. Impactive Capital is an active ESG (AESG) investor that launched with a $250 million investment from CalSTRS and now has over $2.5 billion. Impactive focuses on positive systemic change to help build more competitive, sustainable businesses for the long run. As with many SPAC companies, there were valuation, corporate governance and compensation incentive concerns at Clarivate.
☆ Envestnet names three new directors, ends board fight with Impactive Capital
  + stars: | 2023-03-28 | by ( Svea Herbst-Bayliss | ) www.reuters.com   time to read: +2 min
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. Envestnet, 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. "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. 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. Impactive blamed poor profit margins and capital allocation for Envestnet's underperformance and said its management and board directors were overpaid.
☆ Impactive Capital nominates four directors to Envestnet's board
  + stars: | 2023-01-04 | by ( Anirban Sen | ) www.reuters.com   time to read: +2 min
Impactive Capital, which holds a 7.5% stake in Envestnet, nominated two men and two women, including its co-founder Lauren Taylor Wolfe, to Envestnet's board. Impactive Capital said it unveiled the challenge to Envestnet after its attempt to negotiate just one spot on the company's board for Wolfe was unsuccessful. In its statement, Impactive Capital cited poor profit margins and bad capital allocation among the reasons for Envestnet's underperformance. It also said Envestnet's management and board directors were overpaid and that the company should improve its corporate governance by putting all of its directors up for election every year. Impactive Capital, which was founded by Taylor Wolfe and Christian Asmar, oversees $2.7 billion in assets.
☆ Impactive Capital takes an unprecedented step to seek change at Envestnet. This is what could happen next
  + stars: | 2022-11-19 | by ( Kenneth Squire | ) www.cnbc.com   time to read: +5 min
Activist Commentary: Impactive Capital is an activist hedge fund founded in 2018 by Lauren Taylor Wolfe and Christian Alejandro Asmar. Impactive wants board representation to get Envestnet to better align pay for performance, refocus on capital allocation and bolster long-term shareholder value. Anyone with any understanding of Impactive, Envestnet's performance and the incumbent board would know that Impactive is sure to get at least one board seat in a proxy fight. Impactive offered one of eight with no incumbent losing a board seat. Squire is also the creator of the AESG™ investment category, an activist investment style focused on improving ESG practices of portfolio companies.
☆ EXCLUSIVE Activist Impactive eyes proxy fight at Envestnet amid sluggish stock price
  + stars: | 2022-11-15 | by ( Svea Herbst-Bayliss | ) www.reuters.com   time to read: +3 min
Impactive is now ratcheting up the pressure on Envestnet, which provides technology and automation software for financial advisors and banks. In a letter to the board, seen by Reuters, Impactive wrote it sees "no choice but to consider nominating a slate of directors" to help correct a string of failures, including a sluggish share price. Impactive criticized the board for failing to evaluate what the returns would be on the spending. But Envestnet roundly rejected Impactive's earlier suggestions that Wolfe join its board, saying she is "not a good fit." Impactive disagrees and wrote that its record on boards has spanned years and "led to over 30% annualized returns for Impactive."
☆ Impactive Capital backs WEX to use M&A to bolster value
  + stars: | 2022-10-18 | by ( David French Svea Herbst-Bayliss | David French | Svea Herbst-Bayliss | ) www.reuters.com   time to read: +2 min
NEW YORK, Oct 18(Reuters) - Impactive Capital continues to engage with WEX Inc (WEX.N) to bolster the payments company's fortunes, including using depressed valuations across the financial technology space to make beneficial acquisitions, the activist's managing partner said on Tuesday. The firm has been a shareholder since early 2021 of Portland, Maine-based WEX, which provides payments solutions and virtual cards to businesses including travel, fleet and healthcare. "Private and public company market valuations have come back down to earth and many payments companies are in desperate need of cash," Taylor Wolfe said. "We expect companies like WEX to be able to pounce on compelling acquisition opportunities in the coming years." Register now for FREE unlimited access to Reuters.com RegisterReporting by David French and Svea Herbst-Bayliss Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.
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