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Activist Investors Are Targeting Bigger Companies in Europe

  • Shareholder ‘wolf packs’ pooling together: Alvarez & Marsal
  • Its research suggests activists are targeting bigger companies
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Photographer: Chris Ratcliffe/Bloomberg

Activist investors are targeting bigger companies in Europe with those in the U.K. most at risk of intervention and more shareholders teaming up to force change, according to Alvarez & Marsal Inc.

The average market capitalization of a predicted target company has risen to $17.6 billion from $16.5 billion in a September report, the restructuring consultant said after analyzing 1,715 firms. The 6.7 percent increase compares with a gain of just 1.3 percent for the U.K. FTSE All Share Index over the same period, A&M said.