Latest news with #FarallonCapital
Yahoo
02-06-2025
- Business
- Yahoo
Farallon Capital Management Releases Investor Presentation Outlining Value Creation Opportunities at T&D Holdings and the Need for Additional Independent Outside Directors
SAN FRANCISCO, June 02, 2025--(BUSINESS WIRE)--Farallon Capital Management L.L.C. ("Farallon") today released a presentation highlighting necessary actions for T&D Holdings Inc. ("T&D HD" or the "Company") (8795.T) to realize its full potential. The presentation details Farallon's history with T&D HD as a long-term shareholder, its multi-year effort to engage constructively with T&D HD to drive change within the Company, and its proposals to unlock value for the benefit of all stakeholders (including policyholders, employees and shareholders), whilst explaining in detail why shareholders should vote for the appointment of the highly-qualified independent outside director candidates proposed by Farallon to the T&D HD Board of Directors (the "Board"). The presentation is available at: Farallon first became a shareholder of T&D HD in 2008 and currently owns approximately 4.6% of the voting rights. Over the past two years, Farallon has engaged with T&D HD to drive the fundamental reforms that Farallon believes are required to enable T&D HD to realize its full potential for the benefit of all stakeholders. Specifically, Farallon has requested the Company to: Conduct a true and meaningful reduction of its cross-shareholdings Reduce excessive investment risks Improve profitability at Taiyo Life Enhance its group governance and business portfolio management To strengthen the Company's oversight and accelerate its transformation, Farallon has proposed enhancing the Board's composition with the nomination of two independent outside director candidates at the Company's 2025 Annual General Meeting (the "AGM") to be held in June. This year marks the final year of T&D HD's current long-term vision (Try & Discover 2025) and therefore it is a critical time to best position the Board as it formulates its new upcoming long-term vision next year. Farallon's director nominees – Ms. Ina Kegler (former CFO of Allianz Re) and Mr. Ken Mohan (former SVP of MetLife Asia) – have extensive insurance industry expertise that will augment the current Board's skillset and help drive the fundamental reforms necessary at T&D HD to enhance its corporate value for all Company stakeholders. We encourage all shareholders to review our presentation and cast their votes in favor of the proposal to elect Ina Kegler and Ken Mohan to the Board at the upcoming AGM. About Farallon Farallon Capital Management, L.L.C., is a global investment firm founded in 1986 and registered as an investment advisor with the United States Securities and Exchange Commission since 1990. Farallon seeks investments across asset classes and around the world through a process of bottom-up fundamental research and analysis emphasizing capital preservation. More information on Farallon is available at Disclaimer This press release is for general information purposes only and is not complete. Under no circumstances is this intended to be, nor should it be construed as an offer, invitation, marketing of services or products, advertisement, inducement or representation of any kind, nor as investment advice or a recommendation to buy or sell any investment products or make any type of investment in securities. This press release should not be construed as legal, tax, investment, financial or other advice. Additionally, this press release should not be construed as an offer to buy any investment in any fund or account managed by Farallon Capital Management L.L.C. or any of its affiliates or representatives (collectively, "Farallon"). This press release is not intended and should not be considered to solicit, encourage, induce or seek T&D HD. shareholders to authorize Farallon or any other third party as their proxy in exercising their voting rights on their behalf. Farallon is not soliciting or requesting other shareholders of T&D HD to jointly exercise their shareholders' rights with Farallon (including, but not limited to, voting rights). Farallon declares that it does not intend to be treated or deemed a "joint holder" (kyo-do hoyu-sha) under the Japanese Financial Instruments and Exchange Act or a "related person" (kankei-sha) under the Foreign Exchange and Foreign Trade Act with other T&D HD shareholders. Farallon does not have the intention to make a proposal, directly or through other shareholders of T&D HD to transfer or abolish the business or assets of T&D HD and/or T&D HD group companies (the T&D HD Group) at the general shareholders meeting of T&D HD. Farallon does not have the intention and purpose to engage in any conduct which constricts the continuing and stable implementation of the businesses of any member of the T&D HD Group. This press release is made available exclusively by Farallon and not by or on behalf of T&D HD or its affiliates or subsidiaries or any other person. Farallon is not an affiliate of T&D HD and neither Farallon nor its principals or representatives are authorized to disseminate any information for or on behalf of T&D HD, and nor does Farallon purport to do so. In respect of information that has been prepared by Farallon (and not otherwise attributed to any other party) and which appears in the English language version of this press release, in the event of any inconsistency between the English language version and the Japanese language version of this press release, the meaning of the Japanese language version shall prevail unless otherwise expressly indicated. View source version on Contacts Media ContactsLongacre Square PartnersDan Zacchei / Joe GermaniFarallon@
Bloomberg
13-05-2025
- Business
- Bloomberg
Astellas CEO on Outlook Ahead of Trump's Pharma Tariffs
The global pharmaceutical industry is grappling with an uncertain outlook, amid President Donald Trump's plans to cut US prescription drug prices and impose tariffs on pharma imports. Astellas Pharma is among the Japanese drug makers that depends on the US for a large chunk of sales. CEO Naoki Okamura spoke to Bloomberg TV in Tokyo on May 7th about the impact of Trump's tariffs, and the firm's engagement with activist investor Farallon Capital Management. (Source: Bloomberg)
Bloomberg
07-05-2025
- Business
- Bloomberg
Astellas CEO Says Engaging With Activist Investor Farallon
By and Yui Hasebe Updated on Save Astellas Pharma Inc. will continue to engage with Farallon Capital Management, an activist investor that's built a stake in the Japanese drugmaker, Chief Executive Officer Naoki Okamura said, adding that he's 'pleased that one of our investors sees potential value' in the company. 'Ultimately, all shareholders want to increase corporate value and we share the exactly the same mission,' Okamura told Bloomberg TV in an interview, declining to give details of the discussions with Farallon. 'We receive various proposals from shareholders, and if we see something that will indeed contribute to enhancing our corporate value, then of course we are willing to accept it.'
Yahoo
12-03-2025
- Business
- Yahoo
Pentera nabs $60M at a $1B+ valuation to build simulated network attacks to train security teams
Strong and smart security operations teams are at the heart of any cybersecurity strategy, and today a startup that builds tooling to help keep them on their toes is announcing some funding on the back of a lot of growth. Pentera — which has built a system that launches simulations of network attacks to stress test software and human response — is announcing $60 million in funding, a Series D that values the Boston-based, Tel Aviv-founded startup at over $1 billion. The funding will be used for M&A and to continue developing product, CEO Amitai Ratzon said in an interview. Pentera is a play on the term 'pen testing', which is short for penetration testing, programs that have been devised to help drill security teams on potential attack techniques. This is effectively what Pentera has built to an elaborate degree in a product that is officially described as 'automated security validation.' 'We provide enterprises and governments a technology that, with a click of a button, can launch a mega attack against themselves, and with another click, the genie goes back into the bottle,' said Ratzon. 'The beautiful thing is that it's all safe by design.' And in contrast to, say, a fire drill in an office, Pentera's simulated attacks are carried out in a way where the rest of the organization outside of the security team is none the wiser — not unlike a lot of real-world security breaches in fact. The round is coming on the heels of Pentera growing customers by 200% to 1,100 organizations and ARR by 300% in the last four years, underscoring the demand in the market for its tools. Evolution Equity Partners is leading the round, with Farallon Capital participating. Prior to this, the company had raised $190 million in a combination of primary and secondary equity, according to PitchBook. Its other investors include Insight, K1 and Blackstone. Pentera's rise is coming at a time of a lot of automation in the world of cybersecurity. The world of cybersecurity has been virtually ambushed by the arrival of AI, which is used both by malicious hackers to breach systems, and also by a wide array of tools to help identify and stop those attacks in their tracks. Pentera takes this swing in AI into account as part of its platform. When it launches attacks, it does so around specific vulnerabilities and in the process identifies the different areas in an organisation's network that might be exploited. Typically, this could throw up as many as 10,000 alerts, Ratzon said. To be fair, an overwhelming number of alerts in live products is a classic issue with a lot of security tooling, and a number of startups are tackling that problem, too. In the case of Pentera, it automatically takes that 10,000 and whittles it down to six or eight root causes or exploitable vulnerabilities, he said, and then provides suggestions for how to fix them, and then leaves that to the teams to handle. "Pentera has redefined enterprise security testing and validation practices,' said Richard Seewald, managing partner at Evolution Equity Partners, in a statement. 'Pentera's exceptional growth, strong enterprise adoption, and category-defining innovation make it the clear leader in Automated Security Validation. We are proud to lead this investment and continue our relationship with Pentera as it scales globally, expands its technology, and continues to set the industry standard for security validation." Sign in to access your portfolio
