Engagements | WSD Capital Management

Engagements


We help build stronger, more valuable companies.

Unlocking Potential


This section of the website is for the limited purpose of providing access to certain analyses and/or white papers prepared by our firm to share our views and, at times, third party views for how the companies in which we invest can increase their competitiveness and enhance value for all shareholders.

As a firm, we favor a long-term approach by providing patient, engaged, and productive capital, which encourages portfolio companies to choose performance over promise through a combination of strategic redirection, improved operational execution and more disciplined capital allocation.

Please note that not all of our engagements are public. Generally, we are able to discuss our concerns and recommendations with the management team of a portfolio company in private. The following are our public engagements.


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Distinctive process

Our unique position in the investment profession is built on our distinctive process of developing outstanding assets into outstanding companies through benevolent hostility.

2015

Akfen Holding

(IST: AKFEN)

.PDF
Letter

February 16, 2015
Letter to Akfen Holding’s Board of
Directors

View Document

From laggard to leader

Akfen Holding’s chronic underperformance ended following the release of the WSD-Akfen letter and publication of our firm’s engagement.

134%

Total Shareholder
Return

$622M

Shareholder Value Generated


Source: Bloomberg end of day market data; not adjusted for dividends (April 29, 2016).

Returns assume a long investment position on the date that WSD Capital Management published its thesis, and an exit based on the tender offer price of 13.07.

Returns do not reflect any fees, expenses or taxes.

The returns are hypothetical and do not reflect the actual results of WSD Capital Management’s investment activities, nor is it necessarily indicative of future results of WSD Capital Management’s investment activities.