white squire

n.
An investor sympathetic to management who holds a large block of stock in a company that is or could be subject to a takeover unwanted by the management.

Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in the target firm.

Investopedia Says:
A white squire is still considered to be a friendly acquirer, they just don't require controlling interest like a "white knight" does.

Related Links:
From bloodletting to ye olde black knights, things on Wall Street are getting downright medieval! Bloodletting And Knights: A Medieval Guide To Investing

White Knight who buys less than a majority interest.

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The noun has one meaning:

Meaning #1: a white knight that buys less than a majority interest

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