Cleary M&A and Corporate Governance Watch

MAY 31, 2023

Section 260 of the UK Companies Act 2006 (the “CA 2006”) permits a shareholder to bring a claim on behalf of the company against its directors in respect of certain causes of action, including breach of the directors’ duty of care towards the company. 172 of CA 2006); and the duty to exercise reasonable care, skill and diligence (s.174

IT 52

IT Management Business Government 52

The TRADE

APRIL 19, 2024

Palan began his career at State Street in 2006 as a fund administrator, joining Odey in a similar role just over a year later. Neil Palan joins Sarasin & Partners as a multi-asset dealer after over 16 years with Odey Asset Management. Sarasin & Partners had not responded to a request for comment at the time of publishing.

Asset Management 52

Asset Management Management Trading Funds 52

The TRADE

JANUARY 10, 2024

It has approximately £351 million in assets under management and manages two strategies: global high yield, launched in 2006, and emerging market corporate debt, launched in 2010. Copenhagen-based Absalon serves European institutional investors and Danish high net worth individuals.

Asset Management 98

Asset Management Corporation Management Business 98

The TRADE

AUGUST 23, 2023

He originally joined the bank in 2006 in a securities lending role. “We Fannin takes up his new role after spending the last 17 years at Northern Trust within its capital markets business in Asia Pacific and London, most recently as its global head of securities finance.

Capital Market 52

Capital Market Finance Finance Capital 52

The TRADE

MARCH 11, 2024

Craze joined the asset manager back in 2006, initially working in asset allocation and equity investments before becoming an equity trader. Craze has been on the desk for more than 15 years and prior to this promotion oversaw the ‘model and derivatives group’ on the BlackRock EMEA equity desk since 2016.

Equities 117

Equities Trading Sale Capital Market 117

The TRADE

FEBRUARY 1, 2024

Michael Peters Michael Peters, chief executive of Eurex Frankfurt AG since July 2020 and member of the Eurex executive board since 2006, has decided to step down at the end of June and to retire in 2024 later this year. Speaking to his departure, Peters said: “I am very pleased of what Eurex has achieved in the last 25 years.

Bank 57

Bank Banking Risk Management Trading 57

The TRADE

JANUARY 30, 2024

He was named managing director in 2002 and partner in 2006. Long standing Goldman Sachs executive Jim Esposito is set to leave after almost three decades at the institution, according to a memo penned by Goldman chief executive officer David Solomon on Monday. Esposito joined Goldman Sachs in 1995 as a salesperson for emerging markets debt.

Bank 52

Bank Banking Investment Banking Risk Management 52

The TRADE

JULY 24, 2023

He departs following a 35-year long career in investment management, spending 19 years at Fidelity Investments as a European portfolio manager until 2006. I hope in my new role that I continue to learn but also draw on all my experience to pass on, help others and create something special.”

Investment Manager 52

Investment Manager Management Investment Portfolio Management 52

The TRADE

OCTOBER 13, 2023

Previously in his career, he also spent almost a decade at the asset manager in an equity trading role until 2006 and later spent nearly four years at SEB. He began his most recent spell at Janus Henderson in 2017 after a six-and-a-half-year tenure at Redburn as an equity sales trader.

Trading 57

Trading Sale Capital Market Equities 57

Shearman & Sterling

NOVEMBER 10, 2020

Vice Chancellor Glasscock, however, denied the motion to dismiss under "controlling precedent" because the Delaware Supreme Court upheld similar claims by former stockholders in Gentile v. Rossette, 906 A.2d 2d 91 (Del.

Shares 52

Shares Stock IT 52

Shearman & Sterling

OCTOBER 19, 2021

The trial court found that the claims were nearly identical to corporate overpayment claims asserted by former stockholders and upheld as "direct"—rather than "derivative"—by the Delaware Supreme Court in Gentile v. Rossette, 906 A.2d 2d 91 (Del.

Economics 52

Economics Asset Management Equities Corporation 52

The Deal

NOVEMBER 3, 2023

Lebovitch stepped down as a partner and the head of the governance practice at Bernstein Litowitz Berger & Grossmann LLP, a practice he launched in 2006. Mark Lebovitch said on this week’s Drinks With The Deal podcast.

Corporation 59

Corporation Government IT 59

Shearman & Sterling

AUGUST 19, 2021

The MH Haberkorn 2006 Trust v. McCormick of the Delaware Court of Chancery denied defendants' motion to dismiss breach of fiduciary duty claims brought by a putative class of minority stockholders of Empire Resorts, Inc. Empire Resorts, Inc., 2020-0619 (Del. 23, 2021) (Transcript).

Mergers 52

Mergers Mergers and Acquisitions Business M&A 52

The TRADE

JULY 31, 2023

He spent 19 years at Fidelity Investments as a European portfolio manager until 2006. Rutherford departs the investment management industry after 35 years to take on a more active role in SmartFrame Technologies, a venture which he has been chairman of for six years.

Asset Management 52

Asset Management Trading Investment Banking Investment Manager 52

Focus Investment Banking

OCTOBER 19, 2023

In September 2006, they decided that it was time to pursue their dream of owning their own shop, and Auto Body Innovations, Inc. FOCUS represented Auto Body Innovations in this transaction. ABI’s owners, brothers Keith and Kevin Dick, started out as kids assisting their father in the collision business in Bowie, MD. became a reality.

Investment Banking 52

Investment Banking Sale Bank Banking 52

The TRADE

SEPTEMBER 26, 2023

Prior to joining Credit Suisse in 2006, Hilton spent six years at UBS Investment Bank as a director. James Hilton has been appointed multi-asset managing director in RBC’s low touch team, according to sources familiar with the matter.

Electronics 52

Electronics Sale Trading Asset Management 52

The TRADE

SEPTEMBER 7, 2023

The business is led by Natasha Mora, managing director, Asia ex-Japan, who previously served in senior positions across L&G Group and LGIM since joining the firm in 2006. The new Singapore office will help expand LGIM’s coverage for both existing and prospective clients with the region.

Investment Manager 62

Investment Manager Investment Management Sale 62

The TRADE

AUGUST 28, 2023

He originally joined the bank in 2006 in a securities lending role. Fannin takes up his new role after spending the last 17 years at Northern Trust within its capital markets business in Asia Pacific and London, most recently as its global head of securities finance.

Bank 52

Bank Banking Asset Management Universal Banks 52

Solganick & Co.

JULY 1, 2022

Medical Technology Solutions (“MTS”) was founded in 2006 with headquarters in Valencia, California. Clients utilize secure, HIPAA-compliant data centers or take advantage of eMedApps-managed hosting services. They are a certified NextGen consultant.

Medical 52

Medical IT Healthcare Acquisitions 52

Shearman & Sterling

NOVEMBER 10, 2020

Vice Chancellor Glasscock, however, denied the motion to dismiss under "controlling precedent" because the Delaware Supreme Court upheld similar claims by former stockholders in Gentile v. Rossette, 906 A.2d 2d 91 (Del.

Shares 40

Shares Stock IT 40

Shearman & Sterling

OCTOBER 19, 2021

The trial court found that the claims were nearly identical to corporate overpayment claims asserted by former stockholders and upheld as "direct"—rather than "derivative"—by the Delaware Supreme Court in Gentile v. Rossette, 906 A.2d 2d 91 (Del.

Economics 40

Economics Asset Management Equities Corporation 40

The TRADE

FEBRUARY 5, 2024

Esposito joined Goldman Sachs in 1995 as a salesperson for emerging markets debt, before subsequently being named managing director in 2002 and partner in 2006. Long-standing Goldman Sachs executive Jim Esposito is set to leave after almost three decades at the institution.

Investment Banking 62

Investment Banking Finance Finance Equities 62

The TRADE

NOVEMBER 23, 2023

The fines relate to a trading cartel between the two banks in Euro-denominated SSA bonds and Government Guaranteed bonds that took place between 2006 and 2016. Rabobank received a €26.6 million fine for its participation.

Bank 57

Bank Banking Trading Investment Banking 57

Shearman & Sterling

AUGUST 19, 2021

The MH Haberkorn 2006 Trust v. McCormick of the Delaware Court of Chancery denied defendants' motion to dismiss breach of fiduciary duty claims brought by a putative class of minority stockholders of Empire Resorts, Inc. Empire Resorts, Inc., 2020-0619 (Del. 23, 2021) (Transcript).

Mergers 40

Mergers Mergers and Acquisitions Business M&A 40

The TRADE

JULY 18, 2023

Since 2006, M&G has maintained a presence in Asia Pacific and has expended in key Asian markets to complement existing market positions in the UK and Europe. Having secured a SICE licence, M&G will be able to reinforce its existing client base and build new client relationships in Taiwan.

Investment 52

Investment M&A Asset Management Management 52

The TRADE

OCTOBER 16, 2023

Previously in his career, he spent almost a decade at the asset manager in an equity trading role until 2006 and later spent nearly four years at SEB. Worrell began his most recent spell at Janus Henderson in 2017 after a six-and-a-half-year tenure at Redburn as an equity sales trader.

Equities 67

Equities Sale Trading Investment Banking 67

Periculum Capital

JULY 13, 2023

Founded in 2006, Pet Palace has developed an excellent reputation as a leading provider of high-quality boarding, daycare, and grooming services for dogs and cats.

Sale 52

Sale IT Advisory Corporate Finance 52

The TRADE

OCTOBER 2, 2023

Prior to joining Credit Suisse in 2006, Hilton spent six years at UBS Investment Bank as a director. James Hilton was appointed multi-asset managing director in RBC’s low touch team, joining from Credit Suisse, where he had been serving as head of sales for EMEA for the bank’s advanced execution sales (AES) team.

Asset Management 62

Asset Management Management Sale Trading 62

The Deal

JUNE 22, 2023

in 2006 to expand into welded, seamless, brass and stainless steel pipe nipples. To its credit, Ward has maintained steady profits, though, partly because the company has been able to pass on price increases effectively to customers throughout the recent stint of rapid raw materials cost inflation, sources explained.

Manufacturing 52

Manufacturing Private Equity Business Capital 52

The TRADE

DECEMBER 28, 2023

He originally joined the bank in 2006 in a securities lending role. Fannin took up the role after spending the last 17 years at Northern Trust within its capital markets business in Asia Pacific and London, most recently as its global head of securities finance.

Asset Management 67

Asset Management Electronics Trading Equities 67

How2Exit

DECEMBER 30, 2022

Eventually, it's Exit or Die Kongō Gumi maintained its independence until 2006, when it was acquired by Takamatsu Corporation for ¥186 billion ($1.6 billion) after facing financial difficulties.

Business 130

Business Architecture Economics IT 130

Growth Business

NOVEMBER 6, 2023

BP Ventures Founded: 2006 Sector focus: Digital transformation, low carbon products, advanced mobility, carbon management, power and storage, intelligent commodities Ticket size: N/A Current investments: 30 Exits: 9 Bio: BP Ventures invests in businesses that align with its core business, including in those helping BP reduce carbon emissions.

Corporation 107

Corporation Capital Investment Media 107

The Deal

JULY 18, 2023

” Anderson, who is among the largest shareholders of Salas O’Brien (though no shareholder owns a majority stake) and who joined the firm in 2006, also keeps his top trusted managers up to speed on every deal they approach.

Mergers 52

Mergers Mergers and Acquisitions Private Equity Equities 52

The TRADE

JULY 10, 2023

In a report which included results of a study of 8,000 EU companies between 2006 and 2019, analysing the impact of unbundling on EU sell-side research, ESMA found that the number of companies losing research coverage has been steadily falling since 2012 – arguing that this did not coincide with the MiFID II regulation.

Government 40

Government IT Investment Broker 40

Peak Frameworks

AUGUST 15, 2023

Consider the 2006 merger between French company Alcatel and US-based Lucent Technologies. This was evident when Chinese tech giant Tencent decided to invest heavily in research and development, despite the short-term cost implications, underscoring a commitment to long-term growth.

Mergers and Acquisitions 52

Mergers and Acquisitions Corporate Finance Private Equity Finance 52

Sun Acquisitions

SEPTEMBER 9, 2022

A good case study of why it’s essential to be mindful of who you sell to and the equity you give up can be seen in the following story: In 2006 Greg Alexander founded Sales Benchmark Index (SBI) a growth advisory firm. It can also mean the investment of time and skills. He gave two of his employees a 25% stake each in the company.

Equities 52

Equities Business Broker Investors 52

Growth Business

NOVEMBER 2, 2023

BP Ventures Founded: 2006 Sector focus: Digital transformation, low carbon products, advanced mobility, carbon management, power and storage, intelligent commodities Ticket size: N/A Current investments: 30 Exits: 9 Bio: BP Ventures invests in businesses that align with its core business, including in those helping BP reduce carbon emissions.

Corporation 52

Corporation Capital Investment Media 52