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- Financial communications is flourishing as corporations, private equity, hedge funds, and other investment supervisors scramble for assistance managing high-stakes situations, activist shareholders, financier relations, and more.
- Business Expert determined 15 of the most-sought financial PR pros working today through reporting, nominations, and publicly available details.
- They were selected based on aspects like tasks they’ve dealt with, the caliber of their customers, and revenue growth.
- Go to Company Expert’s homepage for more stories
Monetary interactions has actually prospered in the pandemic as companies rush for assistance warding off shareholder activists, handling mergers and acquisitions, and producing SPACs, or unique function acquisition companies.
Company Expert identified some of the leading financial communications pros through a combination of original reporting, elections, and publicly readily available details.
They originate from established companies and startup firms and range from insolvency specialists like FTI Consulting’s Rachel Chesley, who has actually managed 22 Chapter 11 cases up until now in 2020, to Joele Frank, who is known for helping firms ward off hostile takeovers.
They also consist of newcomers like Jessica Schaefer, who took a specific niche connecting financial services companies with influencers.
We chose individuals based upon assignments they’ve managed, the quality of their clients, profits growth, and other aspects.
Keep reading to see the complete list, sorted alphabetically by surname.
Paul Caminiti, founding partner, Reevemark
Paul Caminiti established the 15- individual company in 2018 with other Sard Verbinnen vets with a concentrate on public affairs and financial interactions.
This previous year, Caminiti has actually counseled prominent financial companies and corporations like Trian Partners and Chesapeake Energy, which led to a number of countless dollars of profits for the company.
For Trian, Caminiti led the PR group supporting the activist investor group’s project to combine Invesco and Janus Henderson. He likewise helped Chesapeake Energy with its $4 billion acquisition of WildHorse, business litigation problems, and Chapter 11 restructuring.
Rachel Chesley, handling director, FTI Consulting
She’s dealt with 22 Chapter 11 cases so far in 2020, as well as a number of out-of-court engagements.
For example, Chesley led PR strategy for LATAM Airlines’ Chapter 11 filing, GNC’s insolvency as it sold itself to Harbin Pharmaceutical and closed up to 1,200 shops, and news publisher McClatchy’s extremely publicized restructuring.
Andrew Cole, co-president, Sard Verbinnen & Co
Andrew Cole, who has actually been with the business given that 1998, ended up being co-president in 2016, and has actually helped it press nto analytics, business governance, digital, and federal government relations, which resulted in the firm’s greatest revenue ever in 2015 with more than 600 clients.
In regards to client work, Cole has handled prominent transactions recently like Takeda Pharmaceuticals’ $62 billion acquisition of Shire and the Japanese pharmaceutical company’s ending up being noted on the New York Stock Exchange.
Health care work has been a bright area in the pandemic; Cole dealt with Moderna’s IPO and is assisting get the word out about its vaccine candidate.
Cole likewise dealt with Providence Equity Partners on its long-term business positions and transaction statements and assisted eBay when it dropped PayPal.
Jonathan Doorley, partner of financial scenarios, Brunswick Group
With Doorley’s help, Brunswick Group has gained back some of its momentum.
Previously, Doorley invested 10 years at Sard Verbinnen, increasing to partner.
“[Doorley’s] a young man who has actually quickly risen to the top of perhaps the 2 most prominent and powerful financial PR companies in the world,” stated a former colleague.
Richard Dukas, chairman and CEO, Dukas Linden Public Relations
Under Dukas, Dukas Linden grew its revenue 17%in 2019 to $6.32 million, and in spite of the pandemic, the firm projects fourth-quarter billings will top the year-ago period.
Highlights this year consisted of supporting Cathie Wood as the CEO of Ark Investment Management made the case for Tesla being a bull stock. Dukas Linden used its media chops to assist Wood get coverage on CNBC, The Wall Street Journal, and more. Throughout that time, Tesla went on a bull run that saw its stock increase 400%.
Dukas Linden has a devoted broadcast group, which secures an average of 500 sections each year. Other customers include Raymond James, Neuberger Berman, and MetLife Financial Investment Supervisor.
Joele Frank, managing partner, Joele Frank
Frank and her colleagues have safeguarded business against hostile takeovers by Carl Icahn more than 30 times, Starboard more than 40 times, and Pershing Square at least 10 times.
Frank also has a restructuring and bankruptcy practice and her company claims to do financier and PR work for more than 40%of its clients.
Jonathan Gasthalter, managing partner, Gasthalter & Co.
After Sard Verbinnen offered a 40%stake to Golden Gate Capital, Gasthalter bucked versus a noncompete clause and left to discovered his own company, taking 25 of his customers and 3 Sard Verbinnen workers.
Bloomberg called Gasthalter & Co. one of the top PR advisors for activist investors in its yearly evaluation of activism consultants.
Gasthalter is popular as a representative for billionaires SAC Capital Advisors owner Steve Cohen, who has been trying to purchase the New York Mets; and Jim Pallotta, who utilized to own a stake in the Boston Celtics
Steve Lipin, chairman and CEO, Gladstone Place Partners
Steve Lipin left Brunswick Group in 2017 to develop financial communications-focused Gladstone Location Partners and landed a plum account right off the bat, advising Walt Disney Corp. in its acquisition of a portion of 21 st Century Fox’s possessions.
More recently, Lipin has actually worked on numerous of investor Michael Klein’s special function acquisition business deals like Churchill Capital Corp III’s merger with MultiPlan as the health care information analytics business went public. Lipin likewise worked on Sycamore when it withdrew its bid for Victoria’s Secret.
At Brunswick, Lipin worked on blockbuster M&A deals like InBev’s acquisition of Anheuser-Busch, the merger of Kraft and Heinz, and Marriott’s acquisition of Starwood.
Lipin, a former financing editor at The Wall Street Journal, has actually also defended the likes of Heinz and eBay against financier projects.
Greg Marose, cofounder and partner, Profile Advisors
He’s recommended customers involved in more than 50 activist projects, more than 30 distressed debt restructurings, and more than 30 litigation matters, assisting boost the firm’s yearly revenues to about $3 million.
He’s counseled a shareholder group handling debt restructuring for Puerto Rico, Leon Cooperman’s Omega Advisors during the Sears personal bankruptcy, and investors of Marathon Petroleum in their campaign to press out the energy company’s CEO and chairman.
After the pandemic shattered the capital markets, Marose helped financial investment funds interact with anxious financiers.
Jennifer Prosek, CEO, Prosek Partners
In the years after the 2008 monetary crisis, financial services business have actually attempted to recover the general public trust that was damaged by practices like excessive payment.
Jennifer Prosek built a service informing banks like Goldman Sachs they ought to advocate on their own more, an approach that assisted Prosek Partners vault to the leading edge of financial communications and grow earnings typically 16%for the previous 3 years.
Prosek has actually handled her share of crises. She encouraged Bridgewater Associates when the hedge fund settled a pay conflict with former co-CEO Eileen Murray. She also helped Steve Schwartzman, CEO of The Blackstone Group, on his book launch last year.
Over the last few years, Prosek has done more organization around deals like mergers and acquisitions after employing Teneo and Finsbury veterinarian Andy Merrill as a partner in2015
Jessica Schaefer, CEO, Bevel
At Bevel, which she established in 2017, Jessica Schaefer has actually taken a specific niche helping finance and tech companies strike collaborations with celebs and athletes.
For example, Schaefer helped fintech company Acorns promote a partnership with Dwayne “The Rock” Johnson, securing more than 125 posts and positionings for Acorns on industry lists like WSJ’s Leading 25 Business to View, Forbes’ Fintech 50, and Fast Business’s Most Ingenious Companies.
Other clients have actually included financial firms like Greycroft, Point72 Ventures, and Torch Capital, along with not-for-profit Kiva, Dirty Lemon, and crypto trading company Tagomi.
Alex Stanton, CEO, Stanton PR
For 10 years, Alex Stanton has actually helped spin the media for customers consisting of Bain Capital, FFL Partners, and other prominent private equity groups looking for help in locations like offer and fundraising announcements, reputation, and crisis.
In 2019, he dealt with 50 mergers and acquisitions consisting of Anthem’s acquisition of Beacon Health and Great Hill Partners’ acquisition of G/O Media, according to the Observer Far this year he’s worked on financial restructurings for eight companies.
Formerly, Stanton was co-owner of Stanton Communications, which was sold to Shandwick and folded into Interpublic Group’s Weber Shandwick.
Lex Suvanto, worldwide managing director of financial interactions and capital markets, Edelman
Lex Suvanto oversees a 150- person practice that grew profits 33%year-over-year in 2019 and 20%year-over-year up until now in 2020.
Under Suvanto, the system dealt with 66 mergers and acquisitions in 2015, which were jointly worth $827 billion in worth, according to Mergermarket.
Suvanto assisted Global Blue as the tourist shopping tax refund business sold itself to an unique purpose acquisition business, recommended Silver Lake through management modifications and its financial investment technique, and recommended Applied Rehabs after a deceitful report distributed on social media and dragged down its stock rate.
Jim Wilkinson, chairman and CEO, TrailRunner International
Because introducing TrailRunner International in 2016, Jim Wilkinson has been the interactions brains behind prominent IPOs like Dropbox, Spotify, and Levi’s, growing profits nearly 50%up until now this year.
Bain Capital has relied on Wilkinson given that the early 2010 s, and most just recently using him as it moved to take Chinese data company ChinData public.
Formerly, Wilkinson was head of interactions at PepsiCo, head of worldwide business affairs at Alibaba throughout its record-breaking IPO, and chief of staff to Treasury Secretary Hank Paulson throughout the monetary crisis. The New York City Times reported Wilkinson had a credibility as a “wise political advisor.”
Dan Zacchei, president of special situations, Sloane & Business
As the pandemic slashes stock prices and investors grow careful of management at their portfolio business, Zacchei is assisting nearly a dozen customers prepare for investor activism and hostile takeovers.
They include Cubic Corp, which is defending itself against a hostile bid from Elliott Management; and Cannae Holdings and Senator Financial Investment Group in their hostile quote for CoreLogic.
Zacchei has actually been advising CVS Health since its $69 billion merger with Aetna, and Puerto Rico in its restructuring.