Greybull eyes profit from Monarch collapse
Greybull Capital, the private equity group that has presided over Britain’s biggest airline bankruptcy, still has the potential to make a profit on its failed investment in Monarch Airlines. People close to the airline initially suggested the investor, which bought a majority stake in Monarch 3 years ago, had lost GBP250m when it pulled the plug on the failing carrier last week. But calculations by the Financial Times based on publicly available accounts and people familiar with the airline’s finances show the losses could be a fraction of that amount — and that Greybull, and the brothers, Marc Meyohas and Nathaniel Meyohas who run it, could even walk away with a modest profit. Politicians have been quick to call for an investigation into the private equity firm’s actions. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-10-12/unaligned/greybull-eyes-profit-from-monarch-collapse
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Greybull eyes profit from Monarch collapse
Greybull Capital, the private equity group that has presided over Britain’s biggest airline bankruptcy, still has the potential to make a profit on its failed investment in Monarch Airlines. People close to the airline initially suggested the investor, which bought a majority stake in Monarch 3 years ago, had lost GBP250m when it pulled the plug on the failing carrier last week. But calculations by the Financial Times based on publicly available accounts and people familiar with the airline’s finances show the losses could be a fraction of that amount — and that Greybull, and the brothers, Marc Meyohas and Nathaniel Meyohas who run it, could even walk away with a modest profit. Politicians have been quick to call for an investigation into the private equity firm’s actions. <br/>
