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 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 ...

, 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 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 dis ...

, Swedish automaker

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 ...

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 paid their agreed investment into the Swedish company. As a result, Muller and North Street Capital struck another deal in which Alex Mascioli would pay $70 million to buy 2.38 million shares of SAAB and issue a

convertible note In finance, a convertible bond or convertible note or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock i ...

of $60 million collateralized by SAAB's assets. 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. While the above deals were announced, none actually happened. Then SAAB CEO Victor Muller came to the conclusion that the offers were not real. North Street Capital in 2012 made an offer for

Winnebago Winnebago can refer to: * The exonym of the Ho-Chunk tribe of Native North Americans with reservations in Nebraska, Iowa, and Wisconsin ** Winnebago Tribe of Nebraska, a federally recognized tribe group in the state ** The Winnebago language of the ...

, which was not received as a serious offer. Mascoli's criminal record was stated as a concern by Winnebago.

References

{{reflist Hedge fund firms in Connecticut Companies based in Greenwich, Connecticut