Almost invariably, when "TRUMP" appears on a building the real financial risks — and the controlling equity — belong to others.
Since then, the insurer has shed additional businesses and, perhaps most important, begun selling down the government's controlling equity stake.
Kohlberg's vision was to establish an investment firm whose revenue was based not on earning commissions but on taking controlling equity stakes in companies at crossroads.
NTL, a leading British cable TV operator, filed for protection from creditors yesterday in a Manhattan bankruptcy court as part of a plan to swap $10.6 billion of bond debt for a controlling equity stake.
Donald Trump's hotel and casino business filed a plan to exit bankruptcy that would keep him as chairman while giving bondholders a controlling equity stake in the company and new notes in exchange for debt.
After an appeal from the SEC's chief accountant, Edmund Coulson, three EITF members agreed to change their vote.The outcome, eventually, was a rule by which a company can keep a special-purpose vehicle off its balance sheet as long as an independent third party owns a controlling equity interest equivalent to at least 3% of the fair value of its assets.
Uno plans to eliminate debt by converting $142 million in senior notes into a controlling equity stake.
In March, shareholders approved a $600 million equity investment by MassMutual Capital Partners and private equity firm Cerberus Capital, which, when finalized, will give the two companies a controlling equity stake.
So, for example, he likes to buy enough of an issuer's debt to have a say in bankruptcy court and controlling equity should a company emerge reorganized.
The founders were looking to get back a controlling equity stake in the company, and teamed up with PE firm Tar Heel Capital to acquire a 60% stake, effectively buying out investor Naspers, a massive South Africa-based media and investment group.
They explained to me that, as its founding team, LiveChat management owned 40percentt of the company at the beginning of the year, but craved a controlling equity to be able to accelerate growth now that the business is profitable, and exert more control over the overall strategy.
