Post by
rad10 on Oct 12, 2022 8:05am
The irony….
Concordia's CEO got taken to the woodshed by Cinven a UK based private equity group. Mark Thompson got owned!
The secured debt cratered and became attractive. The notes had a heft effective yield and were redeemed at par a few years later under a different name... Advanz??
Thompson went on to form "Lazarus" pharma - ironic. I guess he realized everyone knew he had been left for dead!
Reminds me of another former CEO who got completely owned with some exotic debenture financing...
Rewrite history if you wish..... I got the tax bill.
Good luck with future ventures.