Centaurus Capital aims its sights on Demag

February 23rd, 2011
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Last October, Konecranes (KCR1V), the largest industrial crane maker, displayed interest in merging with Demag Cranes (D9C), the industry’s second-largest player. According to the Financial Times, the possibility of a merger pushed Demag's share price up. However, Demag surprised shareholders by refuting the offer.

In response, Centaurus Capital, a UK-based shareholder activist hedge fund firm that owns more than 5% of Demag, has demanded that the company establish a committee to evaluate the possible merger.

Several months ago, Centaurus Capital, which focuses its activist investments in Europe, was an influential backer of Spain-based Actividades de Construccion y Servicios SA (ACS)’s takeover of Hochtief several months ago. Centaurus Capital was founded in 2000 and is led by its Chairman Bernard Oppetit and Chief Investment Officer Randel Howard Freeman.
For Detailed Investor Profiles on these Investors, click below:
Centaurus Capital
Related People: Bernard Oppetit; Cecilia McAnulty; Paul Leary; Randel Howard Freeman
Related Entities: Centaurus Alpha Fund
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions

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