Starboard Value LP
Overview
Starboard Value LP, founded in 2002 by Jeffrey Smith and Mark Mitchell, is a New York-based hedge fund specializing in activist investments in undervalued U.S. companies. The firm employs a fundamental investment approach, focusing on small-cap companies with significant potential for value enhancement. Starboard actively engages with management teams and boards to implement strategic changes aimed at unlocking shareholder value. Over the years, the firm has built a diverse portfolio across various sectors, including consumer discretionary, information technology, materials, industrials, and finance. Notable investments include Darden Restaurants, Office Depot, and Yahoo. As of March 2024, Starboard manages approximately $8.28 billion in assets across 15 clients, with a track record of generating annualized returns of 15.5% from 2002 to 2014. The firm's investment strategy has led to significant operational improvements and value creation in its portfolio companies. For instance, in 2014, Starboard's intervention at Darden Restaurants resulted in a 60% increase in the company's stock value. The firm's proactive approach and focus on shareholder value have established it as a prominent player in the activist investment landscape.
Investment Focus
- Active engagement with management
- Focus on undervalued companies
- Potential for operational improvements
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Starboard Value LP
What sectors does Starboard Value LP invest in?
Starboard Value LP invests in Industrials, Materials, Finance, Information Technology and Consumer Discretionary, and is based in New York, New York, United States. Starboard Value LP is listed as a hedge fund in the ConnectSafely investor database.
What stage does Starboard Value LP invest at?
Starboard Value LP backs companies at Growth, Late Stage, Pre-IPO, Buyout, Turnaround and Distressed, writing cheques of 100M - 1B.
Which regions does Starboard Value LP invest in?
Starboard Value LP invests across United States.
Who are the partners at Starboard Value LP?
Team members listed for Starboard Value LP include Kimberly Colahan (Managing Director & Head of Client Service) and Pat Gargiulo (Chief Financial Officer).
What companies has Starboard Value LP invested in?
Starboard Value LP's portfolio includes ON Semiconductor, Macy's, Darden Restaurants, Office Depot, Yahoo, Mellanox Technologies, Cars.com and Symantec.
How do I contact Starboard Value LP?
Starboard Value LP's contact details — including phone and LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
