Value Approach
A Focus on Restructuring-Driven Change
Our distinctive approach focuses on companies that share these key characteristics:
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Restructuring / Change Catalyst
We analyze companies in the midst of major change or transformation to uncover catalysts for value creation.
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Complexity / Lack of Coverage
Complex stories with many moving parts are difficult to evaluate, leaving a void in Wall Street coverage.
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Attractive Valuation
Lack of research coverage and positive attention fuel investor uncertainty and neglect, creating market inefficiencies.
Within our investment universe, we use bottom-up analysis to identify companies with strong business models and solid growth potential.
Value Approach
Value Process Highlight
Our research team generates new investment ideas, seeking catalysts for value creation such as:
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Ownership Changes
Spin-offs, divestitures, de-mutualizations
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Operating Changes
New management, cost cutting, mergers and acquisitions
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Balance Sheet/Capital Restructurings
Emergence from bankruptcy, refinancing, shift to “capital lite/franchise” model, capital reallocation
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Marketplace Shifts
Regulatory changes, industry consolidation