Black Diamond Capital Management related stories
All articles and analysis
Black Diamond hires GSC executiveThe turnaround specialist has recruited former GSC Group executive Philip Raygorodetsky to oversee the firm’s third fund, reportedly targeting $1bn.
- Z Capital collects $100m for $500m debut fund
The Chicago-based firm's distressed and turnaround fund will target companies in financial services, gaming and consumer products.
- Madison Dearborn’s Hines files Chapter 11
The Southern California plant nursery operator, partly owned by CalSTRS, has selected turnaround specialist Black Diamond as its stalking horse bidder. Hines has also secured $62 million in debtor in possession financing from its lenders, which include Cerberus-owned GMAC Commercial Finance.
- Black Diamond Capital Management exits steel maker for $475m
The Greenwich-based firm, currently investing its second distressed debt fund, has sold Bayou Steel to global steel giant ArcelorMittal.
- Black Diamond to open London office
The Illinois and Connecticut-based alternative investment firm has appointed Peter Cannon, a former senior fund manager at Merrill Lynch, to head up its London operations.
- Black Diamond exits Smarte Carte
Black Diamond has unloaded baggage-cart rental outfit Smarte Carte, selling the company to Macquarie Bank in a deal yielding an almost 6x return multiple.