September 28, 2016 6:00 AM ET

Capital Markets

Company Overview of Starboard Value LP

Company Overview

Starboard Value LP is a privately owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It also caters to state and municipal government entities. The firm invests in the public equity markets of the United States. It invests in value stocks of small-cap companies. The firm employs fundamental analysis to make its investments. Starboard Value LP was founded in March 2011 and is based in New York City.

777 Third Avenue

18th Floor

New York, NY 10017

United States

Founded in 2011



Key Executives for Starboard Value LP

Chief Executive Officer, Managing Member, and Chief Investment Officer
Age: 44
Managing Member, Head of Risk Management and Trading, and Portfolio Manager
Age: 54
Chief Financial Officer and Chief Compliance Officer
Director of Operations
Managing Member, Head of Research, and Portfolio Manager
Age: 37
Compensation as of Fiscal Year 2016.

Starboard Value LP Key Developments

Jeff Smith Reportedly Seeking To Sell Depomed

Depomed, Inc. (NAsdaqGS:DEPO) is reportedly put up for sale following a call from active investors such as Starboard Value LP. Negotiations with potential buyers are expected to kick off shortly after Depomed receives a court decision clarifying the patent exclusivity of its biggest drug Nucynta. The ruling is expected by the end of the month. Depomed is working with investment bank Morgan Stanley. Starboard said it planned to request a special meeting to oust Depomed's board between September 24 and November 17. Whereas, Arbor Pharmaceuticals Inc. backed by KKR & Co. L.P. (NYSE:KKR) previously approached Depomed and was rejected. Horizon Bancorp (NasdaqGS:HBNC) withdrew its roughly $2 billion bid after suffering a legal setback in the takeover battle.

Starboard Urges Perrigo To Divest Non-Core Assets

Starboard Value LP, which owns 4.6% stake in Perrigo Company plc (NYSE:PRGO), has, in a letter to the Board of Perrigo, pressed for Perrigo to bring in outside help to shed selected parts of the business and focus on its core operations. It indicated Prescription Pharmaceuticals business and royalty interest on global sales of Tysabri as Perrigo's non-core assets and stated, "As management and the Board evaluate operational and strategic opportunities for improvement, we believe the Company could benefit from outside advice from a reputable investment bank or advisor on non-core asset divestitures or other broader strategic alternatives."

Infoblox Said To Hire Morgan Stanley For Activist Defense To Delay Sale

Infoblox Inc. (NYSE:BLOX), targeted by Starboard Value LP, hired Morgan Stanley for activist defense, according to people familiar with the matter. The hiring of Morgan Stanley may delay a company sale as advisers meet with management to chart a path forward, said the people.

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