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Activist Elliott Gets Even With Private Equity


It came as a stinging blow for Paul Singer's Elliott Management when it lost out in a 2014 bidding war for networking equipment maker Riverbed Technology. The loss to a private equity consortium led by Thoma Bravo prompted a fundamental strategic shift at Elliott, which has in recent months started to bear fruit with a string of buyout deals by the US-based hedge fund. Elliott, which is best known for its bruising style of activism, had been putting pressure on Riverbed for more than a year...

Mentions: Investment Management Hedge Fund