Light Street Goes Activist
The embattled Tiger Cub opposes Zendesk’s merger deal and believes it has a superior plan.
Light Street Capital Management has gone activist for the first time.
The Tiger Cub headed by Glen Kacher has publicly opposed the merger agreement between software giant Zendesk and private equity firms Hellman & Friedman and Permira.
This is a rare move for Tiger descendants, who generally like to maintain low profiles and rarely draw attention to themselves.