North Street Capital, LP
| Company type | LP |
|---|---|
| Industry | Private equity, Hedge fund |
| Founder | Alex Mascioli |
| Headquarters | Greenwich, Connecticut, U.S. |
| Website | www.NorthStreetLP.com |
North Street Capital, LP is a privately owned private equity and hedge fund firm based in Greenwich, Connecticut. The firm is run by Alex Mascioli, who founded the firm and is named after a street in town. The firm invests in leveraged buyouts and public and private equity. Mascioli is the company's Managing Partner and Chief Executive Officer.[1]
History
[edit ]North Street Capital has been involved in Dutch automaker Spyker Cars, Swedish automaker SAAB Automobile and Amsterdam listed [2] Swedish Automobile N.V. (NYSE Euronext 'SWAN.AS') (The parent company to Spyker & SAAB). Alex Mascioli and SAAB Chairman & CEO Victor Muller came to a deal in which North Street would acquire the supercar maker Spyker from Swedish Automobile, which began to struggle financially with SAAB, for 43ドル.5 million in cash,[3] [4] and the proceeds would be used to pay off company debt. Shortly after the Spyker deal was announced SAAB Automobile came into a large liquidity problem when two Chinese automakers hadn't paid their agreed investment into the Swedish company.[5] As a result, Muller and North Street Capital struck another deal in which Alex Mascioli would pay 70ドル million to buy 2.38 million shares of SAAB and issue a convertible note of 60ドル million collateralized by SAAB's assets.[6] [7] In 2011, there were some press reports that Mascioli might take over 100% of SAAB after a Chinese investment deal fell through, and in an interview with Reuters it was mentioned that he had the capacity to take over the company should he chose to do so.[8]
While the above deals were announced, none actually happened. Then SAAB CEO Victor Muller came to the conclusion that the offers were not real.[9]
North Street Capital in 2012 made an offer for Winnebago, which was not received as a serious offer.[10] [11] Mascoli's criminal record was stated as a concern by Winnebago.[12]
References
[edit ]- ^ "Movers and Shakers". thedeal.com. 2012年03月19日. Archived from the original on September 14, 2012.
- ^ "Delayed Quote - (SWAN.AS)". finance.yahoo.com. Retrieved 2024年04月17日.
- ^ Merced, Michael J. de la (2011年09月29日). "North Street Capital Buys Spyker for 43ドル.5 Million". DealBook. Retrieved 2022年10月16日.
- ^ "UPDATE 4-Saab owner to sell Spyker for 32 mln euros". Reuters. 2011年09月29日. Retrieved 2022年10月16日.
- ^ "Saab's Survival Chances Dwindle as China Investors Seek New Deal". Bloomberg.com. 21 October 2011.
- ^ "peHUB » North Street Capital Puts 70ドルM into Saab Owner". www.pehub.com. Archived from the original on 2011年10月21日.
- ^ "Saab wins 70ドルm lifeline from private equity car-lover". BBC News. 20 October 2011.
- ^ "Saab owner spurns Chinese takeover". Reuters. 2011年10月21日. Retrieved 2022年10月16日.
- ^ Saab, Phoenix (2012年03月03日). "Victor Muller – Phoenix – A Future for Saab". phoenixfutureforsaab.wordpress.com.
- ^ "Should this guy change his firm's name to Round Hill Capital?". christopherfountain.wordpress.com. 2012年05月18日.
- ^ Tita, Bob (18 May 2012). "Winnebago Gets Offer". Wall Street Journal.
- ^ "BUYOUTS-Bidder's criminal record raises questions in Winnebago offer". Reuters. 2012年05月24日. Retrieved 2022年10月16日.