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He viewed the transaction, he said, as a way to establish and a strong business relationship with Babcock & Brown.
When he'd finished the transaction, he put the money in his coat pocket and muttered something under his breath; then he left, without even a backward glance.
He said he expected the transaction to close in the first quarter of next year.
Charging $1.50 per transaction, he said he recouped the cost of his investment last year.
"He handled transactions responsibly and expeditiously," said Anthony Bisceglie, his lawyer, who is based in Washington.
He said transactions through private sellers, which account for about half of all used car sales, call for caution.
He led transactions including the Virgin Media sale to Liberty Global in February and Dollar Thrifty's sale to Hertz last year, according to the memo.
If he had let his client rush into the transaction, he said, the result might have been quite different.
On that transaction, he would not miss a cent; he was across every aspect of the acquisition.
He watched the transaction.
That would complicate any transaction, he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com