"Before initiating a position in our company, they gained significant knowledge of our technology, customers and competitors. . . . During their ownership period . . . I often came away with additional and useful perspectives on our business based on their thorough research.”
Gene Cassis, CFO of Waters Corp.
“Praesidium often presented ideas that resulted from their analytical approach which challenged the management team and gave us a valuable second perspective on how to think about operating metrics and overall return on equity. As CEO of the company, this was just the kind of shareholder I wanted.”
Hamish Brewer, Former CEO of JDA Software Group, Inc.
“We have valued the great relationship that Culp has had with Praesidium . . . It was obvious from the initial meeting that their approach was different and unique. . . . Our company and our shareholders have benefited from our association with them.”
Franklin Saxon, President/CEO of Culp, Inc.
“Praesidium approached their investment in Epicor with an attention to detail and a level of diligence not seen from most of our largest institutional holders nor many of our covering research analysts. Their extensive analysis . . . gave them the ability to engage our executive management team in meaningful and highly constructive dialogue. . . .”
Mike Pietrini, Former CFO/EVP Finance of Epicor Software Corp.
Praesidium launched its Strategic Opportunities Strategy on March 1, 2008. The strategy is comprised of 10-15 high-quality companies. The firm’s private equity and owner-oriented investment approach to public markets, coupled with deep research, enables Praesidium to constructively engage management teams and boards of directors to help unlock hidden value.
Praesidium strives to build a competitive advantage at each stage of the investment process in order to generate superior long-term returns, while continuously focusing on protecting investor capital. Praesidium’s unique idea generation process is designed to search inefficient areas of the market uncovering “hidden gems” not closely followed by most Wall Street firms and the general investment community. The team then performs an intense, fundamental, grassroots research process on each potential investment to identify the key long-term business drivers of the company and its industry. Importantly, as a result of its deep understanding of each company in which it invests, Praesidium has a long history of effectively collaborating with the management teams and boards of its holdings to create and unlock shareholder value.