Peloton Capital Management and Stephen Smith have acquired Glass Lewis from Ontario Teachers’ Pension Plan Board (Ontario Teachers’) and Alberta Investment Management Corporation (AIMCo).
Glass Lewis is a provider of independent global governance solutions. Its unbiased research reports that provide analysis and recommendations on every proxy vote, including M&A and other financial transactions, along with its industry-leading proxy vote management solutions, aim to drive value across all governance activities for institutional investors.
“Peloton Capital Management and Stephen are committed to long-term, sustainable value creation through good governance. This aligns strongly with the core values we have established at Glass Lewis,” says Kevin Cameron, Executive Chair at Glass Lewis. “Together, we can advance our mission to help our customers drive value across their governance and stewardship activities.”
“Capital markets participants have become increasingly focused on environmental, social, and governance (ESG) factors as they build their business strategies. Glass Lewis is very well positioned to provide solutions to address the global demands generated by this shift,” says Smith. “Glass Lewis has built a venerable brand and we look forward to helping them deliver important governance solutions to the marketplace.”
With teams located throughout the United States, Europe, and Asia-Pacific, Glass Lewis offers customers global reach with a local perspective on important governance issues. With the support of Peloton Capital Management and Stephen, Glass Lewis can expand to new markets with new solutions while continuing its long-standing reputation of exceptional customer focus.
“Investors and public companies across the globe depend on research, insights, and technology from Glass Lewis to run their governance programs. With climate risk and deep social changes at the forefront of conversations across boardrooms, Glass Lewis’ solutions have never been more critical to sustainable business success,” says Steve Faraone, Managing Partner at Peloton Capital Management.
Lazard acted as financial advisor and Torys LLP was legal counsel to Ontario Teachers’ and AIMCo. Perkins Coie LLP acted as legal counsel to Peloton Capital Management and Stephen Smith.
