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Carlsquare advised Esgaia on the sale to Glass Lewis

Carlsquare advised Esgaia, a leading technology platform for institutional-level investment stewardship data and workflows, on the sale to Glass Lewis, a portfolio company of Peloton Capital Management. Glass Lewis is one of the world’s foremost providers of corporate governance data, insights, and proxy voting services. The transaction marks a significant milestone in its strategy to enhance its services in markets like Europe and Australia, where the integration of informed proxy voting and issuer engagement is essential for investors’ stewardship efforts.

Esgaia is a Swedish software company that has rapidly emerged as a leader in the ESG investment stewardship space. Founded in 2020, the company has developed a leading SaaS platform that empowers investors to efficiently manage and streamline data related to engagement with portfolio companies on ESG issues. The platform provides tools for tracking, coordination, and reporting, featuring an innovative product suite that includes an Engagement Tracker, Voting Dashboard, and Disclosure Service. Additionally, Esgaia is actively developing new tools, such as Vote Execution and Corporate Access, to further enhance its offering.

Glass Lewis is a prominent global proxy advisory services company that has established itself as a leader in the corporate governance solutions sector. Founded in 2003 and headquartered in San Francisco, the company provides independent governance solutions, proxy research, and stewardship services to institutional investors and publicly listed companies worldwide. The company serves over 1,300 clients globally, including the majority of the world’s largest pension plans, mutual funds, and asset managers.

“The importance of investment stewardship is increasing in all markets, but nowhere is it more ingrained in the investment process than in Europe. We’re excited to leverage our acquisition of Esgaia to accelerate our integration of corporate governance research, proxy voting, and issuer engagement data into a single platform, and by doing so, help institutional asset managers and pension funds be more effective stewards of capital.” – Bob Mann, CEO, Glass Lewis

“Working collaboratively to bring clients’ voting and engagement data together into one platform, we can streamline clients’ workflow and simplify their reporting. We are excited to join Glass Lewis and gain the scale needed to bring Esgaia’s purpose-built platform to a broader audience of institutional investors, helping them to drive better outcomes for their clients.” – Anton Ljung, founder and CEO, Esgaia

Carlsquare acted as the exclusive financial advisor to Esgaia.