He provides clients with strategic counsel and hands-on execution to achieve important operational and financial goals and to address challenges.
Todd has more than 25 years of experience providing communications counsel and execution support to the senior executive teams and boards of directors of public companies and private institutions, enabling them to achieve important strategic goals and address challenges. He supports clients in the areas of corporate and executive positioning, media and investor relations, and crisis communications and critical disclosures. Todd has deep experience in working with clients in the context of special situations including M&A, shareholder activism and corporate governance matters, and litigation and regulatory actions.
He also has significant experience working with a number of leading private equity firms, hedge funds and family offices. Todd helps drive Kekst CNC’s Private Capital group, which today serves more than 60 clients across a range of strategies, geographies, business and communications objectives.
Many of Todd’s client relationships extend more than a decade.
He holds a BA in History, with a focus on China, from Brown University, and also studied at The Chinese University of Hong Kong and Yale-China Chinese Language Centre.
Recent and Notable Representative Experience
Mergers & Acquisitions
Todd has advised corporate and private equity firm clients in more than 200 transactions, including many of the largest and most complex mergers and acquisitions and go-private transactions over the past 25-plus years. MergerLinks ranked him among the Top M&A PR Consultants in North America for 2019, at #5 in terms of deal value and #2 in terms of volume. Notable recent transaction representations include:
- Legg Mason in its announced purchase by Franklin Templeton for $6.5 billion.
- Celgene in its $74 billion sale to Bristol-Myers Squibb.
- The sale of Acelity by Apax Partners and its consortium partners to 3M for $6.725 billion.
- EMC Corporation in its $67 billion sale to Dell and Silver Lake, as well as the acquisitions by EMC of Data Domain and Isilon Systems.
- The carve out of Vyaire Medical from Becton, Dickinson & Company by Apax Partners.
- Dell in its sale to Michael Dell and Silver Lake Partners for more than $24 billion, as well as Dell’s prior acquisitions of Perot Systems and Compellent, and its bid for 3PAR.
- Corning Incorporated in the strategic realignment of its ownership interest in Dow Corning Corporation, as well as numerous other transactions.
- Baxalta, first in defense against a hostile takeover proposal and ultimately in its $32 billion merger with Shire plc and subsequent integration process.
- PPL Corp. in its spinoff of its merchant generation business, Talen Energy, as an independent, publicly listed company.
- The acquisition of GardaWorld for C$1.1 billion by Apax Partners, and subsequent sale of the company to members of management and Rhône Capital.
- Genzyme Corporation in its response to the unsolicited offer by Sanofi-Aventis and ultimate acquisition for more than $20 billion.
- The sale of TRADER Corporation by Apax Partners to Thoma Bravo for C$1.575 billion.
- The blank check companies Boulevard Acquisition Corp II in the combination with Brazil’s Estre Ambiental S.A. to form and list publicly the largest waste management company in Latin America, and Boulevard Acquisition Corp. in the carve out of the AgroFresh business unit of Dow Chemical as an independent company.
- Quest Diagnostics in support of more than a dozen acquisitions and divestitures.
- Allied Waste Industries in its sale to Republic Services for $6.24 billion, following a multi-year M&A program that included the acquisition and integration of Browning-Ferris Industries.
Shareholder Activism & Corporate Governance
Todd has provided counsel on shareholder activism and corporate governance to a diverse range of major corporations – from extensive planning and simulation sessions to full-fledged proxy contests.
While much of this work has not been public, visible activist-related matters have included: Progress Software (Praesidium Investment Management), PulteGroup (William Pulte, Elliott Management), Zoetis (Pershing Square), EMC Corporation (Elliott Management), Dell (Carl Icahn), Genzyme Corporation (Carl Icahn, Relational), MSCI (ValueAct), JDA Software (Praesidium), Legg Mason (Trian) and Biogen (Carl Icahn 2x).
Private Capital Communications
Todd counsels private equity firm clients on strategically building and maintaining their profiles at the General Partner level, and manage developments at the portfolio level. Clients include:
- Lexington Partners, the largest independent manager of secondary acquisition and co-investment funds, on a range of communications matters. In early 2020, Lexington raised the largest-ever secondary fund at $14 billion.
- Apax Partners, a leading global private equity firm, on dozens of acquisitions and subsequent realizations in North America, as well as around a range of portfolio company matters and fundraisings. Apax closed its most recent fund at $9 billion.
- Accel-KKR, a leading technology-focused private equity firm, on numerous investments and realizations.
- Palladium Equity Partners, a leading middle-market private equity firm, in support of more than a dozen acquisitions and realizations.
- Welsh, Carson, Anderson & Stowe, a private equity firm focused on technology and healthcare.
He also supports the strategic communications initiatives and media relations of a number of leading hedge funds and family offices, including: MSD Capital, Avenue Capital Group, SVPGlobal, Melvin Capital, Bracebridge Capital, and a global investment firm with more than $50 billion in investment and committed capital.
Specialized Investor Relations
- Todd supports the development and execution of strategic communications plans and investor relations activities of corporate clients, including around quarterly reporting and financial disclosures, investor days, management succession and leadership changes, and spinoffs and other restructurings.
- Current and past corporate client work has extended from numerous Fortune 500 companies through to newly established companies, including spinouts and IPOs.
Todd has worked with companies in managing the communications related to a variety of special situations, including litigation and regulatory actions, workplace misconduct, advocacy group activity, union issues, among others. His specific experience in this area includes:
- Work with boards and leadership teams of dozens of public and private organizations to announce CEO and other senior-level management transitions.
- Support of a significant number of clients around data breaches and other cybersecurity-related events.
- Extensive work with parties throughout the healthcare supply chain on issues relating to the opioid crisis.
- Representation of software company Computer Associates on a number of governance and regulatory matters, including around a government investigation of the company’s accounting practices, the subsequent settlement and DPA, and restoration of the organization’s reputation under a new leadership team.
- Counsel of a biotechnology company Biogen in its voluntary withdrawal of a major MS drug from the market after patient deaths, and the reintroduction of the product to the market a year later.
- Assistance of clients across industries in the development of crisis communications plans and related training programs.
Bankruptcy and Restructurings
Todd has represented a host of public and private entities in connection with bankruptcies and restructurings, including One Call Corporation in a successful out-of-court recapitalization, American Airlines, and rue21. He also has served as communications counsel to a range of creditors, including the Ad Hoc Subrogation Group in the PG&E cases.