<article>Italian government controlled <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/private-equitys-mountain-of-dry-powder-can-be-conquered-gadfly-67019/" target="_blank">PE</a> unit Simest has backed the purchase of Australia-based shareholder services and corporate governance consultancy Global Proxy Solicitation (GPS) by global <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/oxley-incorporates-subsidiary-in-myanmar-6176/" target="_blank">corporate consultancy</a> counterpart Morrow Sodali.</article>

Italian government controlled <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/private-equitys-mountain-of-dry-powder-can-be-conquered-gadfly-67019/" target="_blank">PE</a> unit Simest has backed the purchase of Australia-based shareholder services and corporate governance consultancy Global Proxy Solicitation (GPS) by global <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/oxley-incorporates-subsidiary-in-myanmar-6176/" target="_blank">corporate consultancy</a> counterpart Morrow Sodali.
The investment terms were undisclosed.
Morrow Sodali, in an announcement, on Wednesday said, GPS will become the Australian arm of Morrow Sodali’s global business which serves corporate clients in over 37 countries, with aggregate market capitalization in excess of $5.5 trillion.
While backing the investment, Rome-based Simest has signed an investment agreement with Sodali Spa, the Italian arm of New York and London headquartered Morrow Sodali, according to an announcement on its website.
In addition to ensuring the presence of new geographical area, Australia, the acquisition opens the door to Sodali to South East Asia, another possible expansion market, it added.
GPS co-founder Maria Leftakis will serve as CEO Australia of Morrow Sodali. As an industry veteran, she served GPS as Managing Director for 10 years and was formerly a founding Managing Director of Georgeson Australia.Maria has been adviser on most of Australia’s largest deals.
Legal advisor on the transaction was Marco Misiti, Alpeggiani &amp; Associati.
Founded in 2007 by Maria Leftakis and Julian Lavigne, GPS advises boards of directors and executive management teams on issues related to corporate governance, annual and special shareholder meetings, proxy campaigns, shareholder activism, initial public offerings and the conduct of multinational equity, debt and merger transactions.
The acquirer Morrow Sodali is a global consultancy specializing in shareholder services, corporate governance, proxy solicitation and capital markets transactions.In addition to listed and private companies, its clients include mutual funds, stock exchanges, membership associations and activist investors.
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Italian govt-backed PE Simest backs Morrow Sodali's buyout of Australia's GPS

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Italian govt-backed PE Simest backs Morrow Sodali's buyout of Australia's GPS

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