Peloton Capital Management and Stephen Smith acquire Glass Lewis

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SAN FRANCISCO AND TORONTO – () – Peloton Capital Management and Stephen Smith acquired Glass Lewis from the Ontario Teachers’ Pension Plan Board and the Alberta Investment Management Corporation (AIMCo). Glass Lewis is the leading provider of independent global governance solutions. Its unbiased research reports that provide analysis and recommendations on every proxy vote, including mergers and acquisitions and other financial transactions, along with its industry-leading proxy management solutions, drive value across all businesses. governance for institutional investors.

“Peloton Capital Management and Stephen are committed to creating long-term sustainable value through good governance. This is very much in line with the core values ​​we have established at Glass Lewis, ”said Kevin Cameron, Executive Chairman of Glass Lewis. “Together, we can advance our mission of helping our clients generate value in their governance and stewardship activities. ”

“Financial market participants have increasingly focused on environmental, social and governance (ESG) factors when developing their business strategies. Glass Lewis is uniquely positioned to provide solutions to meet the global demands generated by this change, ”said Stephen. “Glass Lewis has built a venerable brand and we look forward to helping them bring important governance solutions to the market. ”

With teams spread across the United States, Europe and Asia-Pacific, Glass Lewis offers clients a global reach with a local perspective on important governance issues. With the support of Peloton Capital Management and Stephen, Glass Lewis can expand into new markets with new solutions while continuing its long-standing reputation for exceptional customer focus.

“Investors and public companies around the world depend on Glass Lewis’ research, knowledge and technology to deliver their governance agendas. With climate risk and profound social changes at the forefront of conference room conversations, Glass Lewis solutions have never been more critical to sustainable business success, ”said Steve Faraone, Managing Partner at Peloton Capital Management .

Lazard acted as financial advisor and Torys LLP acted as legal advisor to Ontario Teachers’ and AIMCo. Perkins Coie LLP acted as legal counsel to Peloton Capital Management and Stephen Smith.

About Glass Lewis:

Glass Lewis is the leading provider of independent global governance solutions. We empower institutional investors and publicly traded companies to make sustainable decisions based on research and data. We cover 30,000 meetings each year, in approximately 100 markets worldwide. Our clients include the majority of the world’s largest pension plans, mutual funds and asset managers who collectively manage more than $ 40 trillion in assets. Our core solutions include Proxy Paper proxy research and the Viewpoint proxy voting management platform. More information available at www.glasslewis.com.

About Peloton Capital Management:

Peloton Capital Management is a private equity firm that uses a long-term investment philosophy and industry strategy to partner with founders and management teams to help build exceptional businesses and create compelling returns for our investors. PCM’s primary objective is to invest in the service businesses of the healthcare, finance and consumer verticals in North America. Based in Toronto, Canada, PCM was founded and is led by a team with extensive experience in private equity. For more information, please visit: www.pelotoncapitalmanagement.com.

About Stephen Smith:

Stephen Smith, one of Canada’s leading financial services entrepreneurs, is Chairman, CEO and Co-Founder of First National Financial Corporation, the largest non-bank mortgage lender in Canada with more than $ 115 billion in loans. mortgages under administration. He is Chairman of the Board and co-owner of Canada Guaranty Mortgage Insurance Company; Chairman of the Board and co-owner of Duo Bank of Canada, formerly Walmart Canada Bank, whose subsidiary Fairstone Financial Inc., is the largest non-bank consumer lender in Canada; and is the main shareholder of Equitable Bank, The Challenger Bank of Canada™. In 2015, Queen’s University announced the appointment of the Stephen JR Smith School of Business at Queen’s University in honor of Mr. Smith and his landmark donation of $ 50 million to the school.

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