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North Street Capital, LP
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. History North Street Capital has been involved in Dutch automaker Spyker Cars, Swedish automaker SAAB Automobile and Amsterdam listed 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 $43.5 million in cash, 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Partnership
A limited partnership (LP) is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited partner. Limited partnerships are distinct from limited liability partnerships, in which all partners have limited liability. The GPs are, in all major respects, in the same legal position as partners in a conventional firm: they have management control, share the right to use partnership property, share the profits of the firm in predefined proportions, and have joint and several liability for the debts of the partnership. As in a general partnership, the GPs have actual authority, as agents of the firm, to bind the partnership in contracts with third parties that are in the ordinary course of the partnership's business. As with a general partnership, "an act of a general partner which is not apparently for carrying on in the ordinary c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alex Mascioli
Alex Mascioli is an American businessman and investor. He is the founder and managing partner of North Street Capital, LP which invests in leveraged buyouts and public and private equity. Business career Mascioli has been involved in Dutch automaker Spyker Cars and Swedish automaker Saab automobile. 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 $43.5 million in cash, and the proceeds would be used to pay off company debt. Shortly afterwards another deal was struck in which Alex Mascioli would pay $70 million to buy shares of Saab and issue a convertible note of $60 million collateralized by Saab's assets. In 2011, the press reported that Mascioli might take over 100% of Saab 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. Media Mascioli has bee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greenwich, Connecticut
Greenwich (, ) is a New England town, town in southwestern Fairfield County, Connecticut, United States. At the 2020 United States Census, 2020 census, the town had a total population of 63,518. The largest town on Connecticut's Gold Coast (Connecticut), Gold Coast, Greenwich is home to many hedge funds and other financial services firms. Greenwich is a principal community of the Greater Bridgeport, Bridgeport–Stamford–Norwalk–Danbury metropolitan statistical area, which comprises all of Fairfield County. Greenwich is the southernmost and westernmost municipality in Connecticut as well as in the six-state region of New England. The town is named after Greenwich, a List of place names with royal patronage in the United Kingdom, royal borough of London in the United Kingdom. History The town of Greenwich was settled in 1640, by the agents Robert Feake and Captain Daniel Patrick, for Theophilus Eaton, Governor Theophilus Eaton of New Haven Colony, who purchased the land from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hedge Fund
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing to institutional investors, high net worth individuals, and accredited investors. Hedge funds are considered alternative investments. Their ability to use leverage and more complex investment techniques distinguishes them from regulated investment funds available to the retail market, commonly known as mutual funds and ETFs. They are also considered distinct from private equity funds and other similar closed-end funds as hedge funds generally invest in relatively liquid assets and are usually open-ended. This means they typically allow investors to invest and withdraw capital periodically based on the fund's net asset value, whereas pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hedge Fund
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing to institutional investors, high net worth individuals, and accredited investors. Hedge funds are considered alternative investments. Their ability to use leverage and more complex investment techniques distinguishes them from regulated investment funds available to the retail market, commonly known as mutual funds and ETFs. They are also considered distinct from private equity funds and other similar closed-end funds as hedge funds generally invest in relatively liquid assets and are usually open-ended. This means they typically allow investors to invest and withdraw capital periodically based on the fund's net asset value, whereas pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leveraged Buyout
A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition. The cost of debt is lower because interest payments often reduce corporate income tax liability, whereas dividend payments normally do not. This reduced cost of financing allows greater gains to accrue to the equity, and, as a result, the debt serves as a lever to increase the returns to the equity. The term LBO is usually employed when a financial sponsor acquires a company. However, many corporate transactions are partially funded by bank debt, thus effectively also representing an LBO. LBOs can have many different forms such as management buyout (MBO), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spyker Cars
Spyker Cars (, ) is a Dutch sports car marque. The modern Spyker Cars held the legal rights to the brand name. The company's motto is "''Nulla tenaci invia est via''", Latin for "For the tenacious, no road is impassable". The marque's logo displays an aircraft propeller superimposed over a spoked wheel, a reference to the historic Spyker company that manufactured automobiles and aircraft. In an attempt to save Spyker from bankruptcy, Swedish Automobile in September 2011, announced the immediate sale of Spyker to American private equity and hedge fund North Street Capital for €32 million (US$41 million). On December 18, 2014, Spyker confirmed that it had gone bankrupt, hoping to restructure its finances and getting back on its feet. The bankruptcy declaration was reverted early 2015 and the company announced to continue with the production of sports cars. In 2021 it went bankrupt again. In January 2022 Spyker announced a return to building cars after being backed by Russian in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saab Automobile
Saab Automobile AB () is a defunct automotive industry, car manufacturer that was founded in Sweden in 1945 when its parent company, Saab AB, began a project to design a small automobile. The first production model, the Saab 92, was launched in 1949. In 1968 the parent company merged with Scania-Vabis, and ten years later the Saab 900 was launched, in time becoming Saab's best-selling model. In the mid-1980s the new Saab 9000 model also appeared. In 1989, the automobile division of Saab-Scania was restructured into an independent company, Saab Automobile AB. The American manufacturer General Motors (GM) took 50 percent ownership. Two well-known models to come out of this period were the Saab 9-3 and the Saab 9-5. Then in 2000, GM exercised its option to acquire the remaining 50 percent. In 2010 GM sold Saab Automobile AB to the Dutch automobile manufacturer Spyker Cars N.V. After many years establishing a sound engineering reputation and ultimately a luxury car, luxury price t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swedish Automobile
Spyker Cars (, ) is a Dutch sports car marque. The modern Spyker Cars held the legal rights to the brand name. The company's motto is "''Nulla tenaci invia est via''", Latin for "For the tenacious, no road is impassable". The marque's logo displays an aircraft propeller superimposed over a spoked wheel, a reference to the historic Spyker company that manufactured automobiles and aircraft. In an attempt to save Spyker from bankruptcy, Swedish Automobile in September 2011, announced the immediate sale of Spyker to United States, American private equity and hedge fund North Street Capital for €32 million ($US, US$41 million). On December 18, 2014, Spyker confirmed that it had gone bankrupt, hoping to restructure its finances and getting back on its feet. The bankruptcy declaration was reverted early 2015 and the company announced to continue with the production of sports cars. In 2021 it went bankrupt again. In January 2022 Spyker announced a return to building cars after being b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victor Muller
Victor Roberto Muller (born September 13, 1959) is a Dutch businessman, founder of Spyker Cars, CEO of Spyker N.V., and former Chairman and CEO of Saab Automobile AB. Education and early career Muller studied law at Leiden University. After graduating with an LL.M. degree in 1984, he became a lawyer for the Amsterdam office of law firm Baker & McKenzie. In 1989, he joined the management team of offshore company Heerema in Leiden. A management buyout made him part owner of salvage and towing company Wijsmuller in IJmuiden. From 1992 onwards, Muller led several companies, such as '' Emergo Mode Groep'' (Emergo Fashion Group), which would be launched on the Amsterdam Stock Exchange as McGregor Fashion Group. Spyker Cars Muller and Maarten de Bruijn bought the name to the Dutch car company Spyker Cars in 2000, renewing the Spyker name which had been used surrounding car production in the 1920s. Muller was the CEO of the company until May 16, 2007, when he was succeeded by Michiel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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