TPG invests in majority stake of Morrow Sodali

As activism becomes a popular tool for investment managers, Morrow Sodali has seen an increasing need from corporate clients and boards for strategic advice on ESG-related matters and has actively searched in the last year for a strategic investor. Yesterday the company secured a majority investment from TPG Growth, the middle market-focused arm of U.S. private equity firm TPG.

Morrow Sodali has made several highly strategic, global acquisitions and personnel investments in the past five years and it currently operates in over 80 markets reaching 100 million euros in 2021 revenues. In this article, published in Milano Finanza, Alvise Recchi, Chief Executive Officer of Morrow Sodali, shared his enthusiasm about the transaction: "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.”

Ransom Langford, Partner at TPG, added: “As the focus on ESG continues to increase amongst companies and investors alike, Morrow Sodali has established itself as a trusted partner and global leader in proactive and trusted shareholder engagement. We look forward to working with the Morrow Sodali team."

TPG’s investment implies an ambitious plan to triple revenues in the next five years, through new deals that will focus on the most trending ESG and sustainability practices.

Read the full article here (in Italian).