Despite Stock Market Turbulence: Activist Campaigns Take
to / Alvarez & Marsal Activist Alert (AAA) Update
Munich (ots) –
– Also in Germany more companies in the focus of activist investors
– Top topics: ESG and the issue of energy security
– Main focus is on the industrial sector
Alvarez & Marsal (A&M) (https://www.alvarezandmarsal.com/), a worldwide
leading consulting firm, presents the results of the recent A&M
Activist Alert (AAA). This contains analyzes and forecasts of activity
activist investors in Europe. Were evaluated for this as of April 31, 2022
a total of 1,780 European companies with a market capitalization of 200 or more
million dollars.
The current AAA confirms the forecast of a “golden age”
activist investments from last November: despite the Ukraine war
155 European companies threatened, target by within the next 18 months
become activist campaigns. This means an increase of seven
Companies since the last evaluation in November 2021.
Despite all the volatility: Activist investments also in 2022
Despite all the turbulence in the stock markets over the last few months
the interest of activist investors. In January and February 2022 the
Number of activist campaigns up 30% year-on-year. in mar
and April, the war in Ukraine has slowed down activism
which is, however, only considered to be temporary. First “winners”
and “losers” of the market turmoil are already emerging.
“Although we have seen significant volatility in the past few months
experienced stock markets, activist investors are active,” explains
Patrick Siebert (https://www.alvarezandmarsal.com/our-people/patrick-siebert),
Managing Director and Co-Head A&M Germany. “The challenges that come out
Corona and Ukraine crises are high and German companies are showing
perform differently. An underperformance relative to the competition
can quickly become a gateway for activist investment hypotheses.”
However, a shift in maturity is also visible: the proportion of
Companies on the AAA Red List decline slightly to 55, while the number
of companies on the yellow list increases from 90 to 100.
Germany is expanding its position as the second most attractive European market
The interest of activist investors is also growing in Germany: 28
German companies are at risk within the next six to 18 months
Become the target of an activist campaign. This is one more than I have
November. Contrary to the overall development, there is a number of companies on the
red list remained constant.
There are still 10 companies on this list of particularly vulnerable companies
German companies, 18 companies are on the yellow list. In Europe
Germany remains the second most attractive market for
activist campaigns. The distance to France and the Scandinavian
countries continues to grow.
Industry under particular pressure – ESG remains a key driver of activism
The main interest of activists continues to be the industrial sector: With
52 comes from a third of all companies targeted by the AAA activists
Investors sees from this sector. In November the number was 50. Persistent
Disadvantages due to the pandemic and the complex situation of the
Supply chains have become even more difficult as a result of the war in Ukraine.
Activism driven by environmental, social or governance (ESG) criteria
increased by 20% in the first two months of 2022 compared to the previous year.
This development seems to have been stopped for the time being by the war in Ukraine,
or to be viewed in a more differentiated way: “Especially in the USA it is closed
recognize that large funds with demands for faster CO2 reductions
act more cautiously. Security of supply should not be jeopardized
be set. These developments are new,” adds Patrick Siebert.
In the energy sector, the number of expected targets has increased by 60% since November
grown. Here, the AAA now sees eight companies as likely targets,
in November 2021 that number was five. The sector sees itself due to the
ESG focus, the turmoil on the global energy markets and the medium-
to long-term needs to transform a complex
overall situation exposed.
Images of the results of the AAA and Patrick Siebert can be found here (htt
ps://drive.google.com/drive/folders/1cTZCXrJsCWtlBOcan6GNclnT6pepPBcX?usp=sharin
G).
Press contact:
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Phone: +49 89 99 38 87 -30
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Further material: http://presseportal.de/pm/118051/5231740
OTS: Alvarez & Marsal