JANA Partners LLC

Gideon Strategic Partners Welcomes Two Esteemed Leaders to Its Team

Retrieved on: 
Thursday, March 14, 2024
Princeton University, NCAA, Georgetown University, Education, Columbia Business School, JANA Partners LLC, First Eagle Investments, Partner, Special, Asset management

LOS ANGELES, March 14, 2024 /PRNewswire/ -- Gideon Strategic Partners, a premier investment management firm, is pleased to announce the addition of two distinguished professionals to its leadership team.

Key Points: 
  • LOS ANGELES, March 14, 2024 /PRNewswire/ -- Gideon Strategic Partners, a premier investment management firm, is pleased to announce the addition of two distinguished professionals to its leadership team.
  • Giorgio Caputo, previously Senior Fund Manager and Head of Multi-Asset Value at JO Hambro Capital Management, has been appointed Senior Portfolio Manager at Gideon Strategic Partners.
  • His career includes founding MKL Capital Partners LP and holding leadership roles at Pequot Capital and Twin Haven Capital Partners.
  • For more information about Gideon Strategic Partners and its team, please visit www.gideonsp.com .

Cannae Holdings, Inc. Announces Strategic Partnership With JANA Partners

Retrieved on: 
Wednesday, February 21, 2024
Professional Services, Finance, Acquisition, Philosophy, CNNE, JANA Partners LLC, History, Tax, Partnership, Management

Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced a strategic partnership with JANA Partners (“JANA”), an investment firm focused on creating value through shareholder engagement.

Key Points: 
  • Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced a strategic partnership with JANA Partners (“JANA”), an investment firm focused on creating value through shareholder engagement.
  • The strategic partnership will help Cannae drive shareholder value by sourcing new control acquisitions and similar strategic opportunities and will enhance returns for JANA’s investors by expanding JANA’s industry operator network and providing an M&A catalyst when it may maximize shareholder value.
  • JANA is an investment manager founded in 2001 and led by Executive Chairman and Founder Barry Rosenstein and Managing Partner Scott Ostfeld.
  • Cannae’s investment in JANA and JANA funds will not be subject to fees under the Company’s management services agreement with Trasimene Capital Management, LLC.

Trimble Announces Board Additions and Capital Allocation Update

Retrieved on: 
Tuesday, January 30, 2024
JV, Share repurchase, AGCO, Executive, Software, F5, JANA Partners LLC, TRMB, Trimble Inc., Keysight, Growth, Management

WESTMINSTER, Colo., Jan. 30, 2024 /PRNewswire/ -- Trimble Inc. (NASDAQ: TRMB) announced today the appointment of Kara Sprague and Ron Nersesian to its Board of Directors, effective February 5, 2024. Sprague is the Executive Vice President and Chief Product Officer at F5, Inc., and Nersesian is the Chairman of the Board of Directors of Keysight Technologies, and formerly served on Trimble's Board of Directors from November 2011 through May 2021.

Key Points: 
  • Ron brings a track record of prudent capital allocation and outstanding shareholder returns, including significant value creation during his tenure as CEO of Keysight."
  • The prioritization of capital return and debt repayment reflects our near-term capital allocation priorities as well as our confidence in the value of Trimble's long-term plan.
  • Kevin Galligan, Partner at JANA Partners, a Trimble shareholder, remarked: "We are pleased with these high-quality additions to Trimble's Board as well as the Company's capital allocation update.
  • Trimble is an outstanding company with significant opportunity for value creation through its refined capital allocation approach, attractive mix of software and recurring revenue and potential to drive margin expansion.

AM Best Downgrades Credit Ratings of 777 Re. Ltd.; Places Credit Ratings Under Review With Negative Implications

Retrieved on: 
Thursday, November 9, 2023
Professional Services, Insurance, Finance, Partner, JANA Partners LLC, Good, AM Best, Credit, News, AM, Bank statement, Risk management, ERM, Investment, ALL

Concurrently AM Best has placed these Credit Ratings (ratings) under review with negative implications.

Key Points: 
  • Concurrently AM Best has placed these Credit Ratings (ratings) under review with negative implications.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Freshpet and JANA Partners Announce Cooperation Agreement

Retrieved on: 
Monday, August 21, 2023
LLP, The Coca-Cola Company, Food, Carrier Global, Dean Foods, Kraft Foods, CPG, MeadWestvaco, Sidley Austin, JANA, Bank of America, Annual general meeting, Gillette, Growth, Security (finance), Bank, JANA Partners LLC, The Very Good Food Company, Management, Financial adviser, Freshpet

SECAUCUS, N.J., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) today announced that it has entered into a cooperation agreement with JANA Partners (“JANA”), one of the Company’s largest shareholders. As part of the agreement, Freshpet has appointed Timothy McLevish and Joseph E. Scalzo to its Board of Directors (“the Board”), effective immediately.

Key Points: 
  • Timothy McLevish, former Kraft Foods CFO, and Joseph E. Scalzo, former Simply Good Foods CEO, join Freshpet Board of Directors
    SECAUCUS, N.J., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) today announced that it has entered into a cooperation agreement with JANA Partners (“JANA”), one of the Company’s largest shareholders.
  • As part of the agreement, Freshpet has appointed Timothy McLevish and Joseph E. Scalzo to its Board of Directors (“the Board”), effective immediately.
  • The Freshpet business has tremendous momentum and this agreement will help position us to continue delivering the results our shareholders expect,” said Billy Cyr, CEO of Freshpet.
  • The full cooperation agreement with JANA will be filed in a Current Report on Form 8-K with the Securities and Exchange Commission.

JANA, Inc. Celebrates 50 Years of Success and a Legacy of Innovation

Retrieved on: 
Wednesday, August 16, 2023
Aircraft, Data management, Heavy equipment, JANA Partners LLC, Aviation, Multimedia, Indian MRO Industry, STC, Certification, Thought, UNIVERSAL, ODA, Documentation, Investment, Engineering, Associate, Knowledge, Growth, OEM, Environment, Family, MRO, Airline, Online shopping

UNIVERSAL CITY, Texas, Aug. 16, 2023 /PRNewswire-PRWeb/ -- JANA, Inc. is proud to announce our 50th anniversary, marking a half-century of providing leading engineering and technical documentation services to a variety of customers worldwide. While JANA's core business has remained the authoring, illustrating and delivery of high quality technical publications, our services have grown to include engineering, consulting and manufacturing capabilities, particularly for the aviation and aerospace industries. We have been able to successfully expand into other industries by hiring experienced subject matter experts in Heavy Equipment, Life Sciences, Energy, Technology and Aviation. JANA's broad base of technical knowledge and experience allows us to transform complex concepts into clear, accessible, and impactful documentation.

Key Points: 
  • We have been able to successfully expand into other industries by hiring experienced subject matter experts in Heavy Equipment, Life Sciences, Energy, Technology and Aviation.
  • JANA's broad base of technical knowledge and experience allows us to transform complex concepts into clear, accessible, and impactful documentation.
  • As JANA embarks on the next 50 years, we are committed to staying at the forefront of emerging trends and technologies.
  • That's "The JANA Way"—always looking beyond the quick fixes—and empowering users with the knowledge they need to excel in an increasingly complex digital landscape.

New Relic to be Acquired by Francisco Partners and TPG for $6.5 Billion

Retrieved on: 
Monday, July 31, 2023
Software, Data Analytics, Data Management, Engineering, Professional Services, Technology, Apps, Applications, Manufacturing, Moelis & Company, Wardwell, LLP, Partnership, Kirkland & Ellis, Partner, TPG Inc., Qatalyst Partners, Disclosure, Morgan Stanley, J.P. Morgan & Co., Latham & Watkins, HMI, TPG, Acquisition, Francisco Partners, Hart–Scott–Rodino Antitrust Improvements Act, JANA Partners LLC, NYSE, Security (finance), Cryptocurrency, Management, New Relic

Hope Cochran, Lead Independent Director of the New Relic Board, said, “We are pleased to have reached this agreement with Francisco Partners and TPG, which delivers significant, immediate value to shareholders.

Key Points: 
  • Hope Cochran, Lead Independent Director of the New Relic Board, said, “We are pleased to have reached this agreement with Francisco Partners and TPG, which delivers significant, immediate value to shareholders.
  • TPG will invest in New Relic through TPG Capital, the firm’s U.S. and European late-stage private equity platform.
  • Morgan Stanley & Co. LLC is acting as lead financial advisor to Francisco Partners and TPG.
  • Davis Polk & Wardwell LLP, Paul Hastings LLP, and Kirkland & Ellis LLP are acting as legal counsel to Francisco Partners and TPG.

Mercury Systems Advances Go-Forward Strategic Plan Through Continued Board Refreshment

Retrieved on: 
Thursday, July 6, 2023
Mercury Systems, MRCY, Compensation, Human Capital, Annual Meetings of the International Monetary Fund and the World Bank Group, ML, II, JANA, Annual general meeting, Partner, JANA Partners LLC, Environment, Compensated emancipation, Management, Mercury

Mr. O’Brien said, “The changes to our Board’s leadership reflect the natural evolution of the Mercury Board to guide the Company’s next chapter.

Key Points: 
  • Mr. O’Brien said, “The changes to our Board’s leadership reflect the natural evolution of the Mercury Board to guide the Company’s next chapter.
  • Scott has a thorough understanding of our business, a proven investment record and shares the Board’s vision for moving Mercury forward.
  • JANA believes Jerry DeMuro and Roger Krone are excellent additions to the Board and will support both nominees at the upcoming annual meeting.
  • As of the Annual Meeting, the Board will be comprised of nine directors, five of whom will have been appointed to the Board in the past two years.

Freshpet Provides Update on 2023 Annual Meeting of Stockholders

Retrieved on: 
Tuesday, June 6, 2023
Shareholder, Interview, Annual Meetings of the International Monetary Fund and the World Bank Group, JANA, Annual general meeting, JANA Partners LLC, Holding company, Freshpet

SECAUCUS, N.J., June 06, 2023 (GLOBE NEWSWIRE) -- The Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) Board of Directors (the “Board”) today issued the following statement regarding its 2023 Annual Meeting of Stockholders and proxy contest with JANA Partners LLC (“JANA”):

Key Points: 
  • SECAUCUS, N.J., June 06, 2023 (GLOBE NEWSWIRE) -- The Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) Board of Directors (the “Board”) today issued the following statement regarding its 2023 Annual Meeting of Stockholders and proxy contest with JANA Partners LLC (“JANA”):
    The Company first became aware of JANA’s investment in Freshpet on September 22, 2022, when JANA publicly disclosed both its ownership interest and its agreement with three individuals to be nominated as directors at the 2023 Annual Meeting.
  • However, JANA’s litigation about the timing of the meeting and the placement of the directors in the appropriate classes has made holding the 2023 Annual Meeting in July unfeasible.
  • As a result, the Company will postpone the 2023 Annual Meeting to a date in October, a similar time period as last year.
  • Given the delay in the Annual Meeting, the Company expects to have an additional candidate available to stand for election as a Class III director at the Annual Meeting in October 2023, along with three incumbent directors.

Jana Partners Responds to Freshpet’s Half-measure Attempt to Resolve Rampant Conflicts of Interest, Governance Failures and Breaches of Fiduciary Duty

Retrieved on: 
Monday, June 5, 2023
Professional Services, Consumer, Finance, Pets, Consulting, Banking, JANA, JANA Partners LLC, Freshpet

JANA Partners (“JANA”), which along with its affiliates and partners, owns 9.5% of Freshpet, Inc. (NASDAQ:FRPT) (“Freshpet” or the “Company”) today issued the following statement responding to the resignation of Freshpet director David Basto and the Company’s purported effort to engage with JANA.

Key Points: 
  • JANA Partners (“JANA”), which along with its affiliates and partners, owns 9.5% of Freshpet, Inc. (NASDAQ:FRPT) (“Freshpet” or the “Company”) today issued the following statement responding to the resignation of Freshpet director David Basto and the Company’s purported effort to engage with JANA.
  • Barry Rosenstein, Managing Partner at JANA, commented, “We believe the Freshpet Board’s latest bid to patch its fundamental governance issues with the smallest, halfhearted adjustment is yet another self-serving attempt to preserve the status quo.
  • While the long overdue resignation of David Basto might cure a symptom, we believe the root cause of the Board’s seeming dysfunction—rampant conflicts of interest, oversight failures, breaches of fiduciary duty, and entrenchment tactics—all remain unaddressed.
  • Shareholders with questions can contact JANA’s proxy solicitor, Innisfree M&A Incorporated, at (212) 750-5833.