Steel Partners - Investor Profile
|590 Madison Avenue||Total AUM ($MM):||7,000|
|32nd Floor||Equity AUM ($MM):||227|
|New York, NY 10022||Investment Style:||Value|
|United States||Orientation:||Shareholder Activist|
|Phone: 212-520-2300 ||Investor Type:||Hedge Fund Manager|
Institutional Investor Background
Steel Partners is a hedge fund manager that was founded by CEO Warren G. Lichtenstein and Lawrence Butler in 1990. The firm manages hedge funds and investment pools, which include Steel Partners II, L.P. Steel Partners II Master Fund L.P. and WebFinancial L.P. The firm also manages Steel Partners Japan Strategic Fund, a hedge fund that invests in Japan, and Steel Partners China Access I LP, a private equity fund that invests in China. Mr. Lichtenstein currently serves on the board of directors of GenCorp Inc (NYSE: GY), SP Acquisition Holdings, Inc (AMEX: DSP), and the WHX Corporation (NASDAQ: WXCO). He previously served on the board of directors of SL Industries, Alpha Technologies Group, Aydin Corp., BKF Capital Group, CPX Corp, ECC International, Gateway Industries, KT&G Corp., Layne Christensen Co., PLM International, Puroflow Inc., Saratoga Beverage Group, Synercom Technology, TAB Products, Tandycrafts, Tech-Sym Corp., United Industrial Corp., and U.S. Diagnostic Labs. In June 2009, Mr. Lichtenstein got court approval to convert Steel Partners II into a publically-listed investment company. The firm is based in New York with an additional office in Tokyo,Japan.
Investor Regional and/or Country Focus: Global
Founders and Key Executives of Steel Partners: Warren G. Lichtenstein; Lawrence Butler; Joshua Schechter
Entities related to Steel Partners: Steel Partners; Steel Partners II Master Fund LP; Steel Partners Japan Strategic Fund; Steel Partners LLC; WebFinancial LP
*Denotes that the person or entity is no longer related to the firm. **If you would like to submit investor updates, please click here. ***Relevant firms may include firms where founders previously worked, funds that were spun-off from the firm, funds that were seeded by the firm and/or unrelated firms that were founded by veterans of the fund. For specific details, please review the Investor Background sections for each firm of interest.
Steel Partners's Top 10 Equity Holdings
|Handy & Harman Ltd (HNH)
|Gencorp Inc (GY)
|Steel Partners Holdings L.p. (SPLP)
|Moduslink Global Solution (MLNK)
|Nathans Famous Inc (NATH)
|Sl Industries Inc (SLI)
|Forbes Energy Services Ltd. (FES)
|Selectica Inc (SLTC)
|Chimera Investment Corp (CIM)
|Timken Co (TKR)
Articles Related to Steel Partners
|Date: April 22nd, 2009|
|Reuters reports that Warren Lichtenstein’s conversion of Steel Partners II to a publically-listed partnership encountered a setback yesterday when a...|
|Date: April 20th, 2009|
|Steel Partners’ founder Warren Lichtenstein, who is known for speaking his mind and shaking up management at troubled companies, is facing resistance...|
|Date: April 16th, 2009|
|In a press release today, Aderans Holdings (8170.T) announced that it was getting help from private equity firm Unison Capital Group in its attempts to...|
|Date: March 24th, 2009|
|Steel Partners has withdrawn its proposal to buy Noritz Corp (5943.T), a Japanese gas and water heater maker. The activist hedge fund, which holds an...|
|Date: February 17th, 2009|
|Warren Lichtenstein’s Steel Partners said that it will abandon its attempt to increase its stake in beer maker Sapporo Holdings Ltd to 33%. Steel Partners...|
|Date: September 12th, 2008|
|Steel Partners has offered to buy-out Noritz Corp, a Japanese gas and water heater maker, for $394 million. Steel Partners currently is the company’s...|
|Date: August 8th, 2008|
|Steel Partners has sent a letter to Point Blank Solutions pressing for the company to stop postponing its annual meeting. The letter is the latest in...|
|Date: July 9th, 2008|
|Steel Partners is demanding that Japanese beer maker Sapporo Holdings to hire an investment bank to explore strategic options, which may include a sale...|
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|Date: May 29th, 2008|
|U.S. activist hedge fund Steel Partners has helped block the
re-election of the board of Japanese wig-maker Aderans Holdings. This
is the first time...|
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