Vantiva appoints new Directors and Chairman to Board of Directors following strategic acquisition of CommScope Home Networks

Press Release    

Vantiva appoints new Directors and Chairman to Board of Directors following strategic acquisition of CommScope Home Networks

Brian Shearer, TPG Angelo Gordon, appointed Chairman of Board of Directors.
TPG Angelo Gordon and CommScope Holding Company, Inc. representatives
join Board of Directors.
Barclays Bank Ireland Plc. appointed Board Observer.

Paris – February 8th, 2024 – Vantiva (Euronext Paris: VANTI), a global technology leader enabling Network Service Providers (NSPs) to connect consumers around the world, today announced Brian Shearer, Head of European Credit Solutions at Angelo, Gordon & Co., L.P. (“TPG Angelo Gordon”), has been appointed as a Director and Chairman of Vantiva’s Board of Directors. His appointment will be presented to shareholders for approval at the next General Meeting.

The announcement follows last month’s completion of Vantiva’s acquisition of the Home Networks division of U.S. company CommScope Holding Company, Inc. (Nasdaq: COMM), bringing together two major players in the connected home market.

Brian Shearer’s appointment follows the appointment of representatives of TPG Angelo Gordon and CommScope Company Inc. (“CommScope”), Nicola Mueller and Krista Bowen, respectively, who were elected to the Board at the last General Meeting. Vantiva also announced the appointment of Barclays Bank Ireland Plc, represented by Shabab Ditta, as Board Observer.

Brian Shearer replaces Richard Moat, who stepped down after a long tenure to allow, and in support of, a change in strategic direction following successful completion of the CommScope Home Networks acquisition.

Brian Shearer brings valuable financial and strategic commercial expertise to Vantiva’s Board, and he looks forward to working with the Board and the company, to ensure Vantiva’s long-term success and help realize the benefits of the transformative CommScope connected homes merger in the nearer term.

Brian Shearer has been a professional investor across various sectors and geographies since 2010. He is currently a Managing Director and the Head of European Credit Solutions at TPG Angelo Gordon, the diversified credit and real estate investing platform of TPG, a leading global asset manager with over $200 billion of AUM. Prior to joining TPG Angelo Gordon, Brian Shearer was a senior investment professional at Taconic Capital and Deutsche Bank Securities Inc.