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27 April 2022 • Articles

Cinco Días

Venture capital fund TPG acquires a majority stake in proxy solicitor Morrow Sodali

The leading global shareholder engagement and governance advisory firm Morrow Sodali announced that TPG Growth, the middle market and equity growth fund of US private equity giant TPG, has acquired a majority stake in the company. 

Morrow Sodali earned the top spot in its industry in the M&A category in 2021 according to Mergermarket and The Deal and TPG's investment coincides with Morrow Sodali's 50th Anniversary.  

In this article, published by the Spanish economic newspaper Cinco Dias, Alvise Recchi, CEO of Morrow Sodali, says: "We are thrilled to become a TPG portfolio company. Joining forces with an organization of TPG's strength and breadth will allow us to further enhance our market leadership position, forged over decades of guiding clients through every critical trend impacting corporations, shareholders, and the financial markets. Our focus is on delivering value creation and as we move forward with TPG's backing, we’ll grow that value for our clients, especially as they increase their focus on corporate purpose and the goals of diversity, inclusiveness, and sustainability."

Ransom Langford, Partner at TPG, added: "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. As the focus on ESG continues to increase among companies and investors alike, Morrow Sodali has established itself as a trusted partner and global leader in proactive and reliable shareholder engagement. We look forward to working with the Morrow Sodali team to continue to invest in the business' extensive breadth of services and capabilities across the shareholder lifecycle."

Read more here (in Spanish only).

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