(Reuters) – The collapse of British Steel has once again put private equity owner Greybull Capital in the spotlight for the wrong reasons.
Run out of London by Frenchman Marc Meyohas using family money, Greybull is well known for buying up companies in distress on the cheap with the aim of turning them around.
But Greybulls record since it launched in April 2010 has been patchy, with four of the 10 companies it bought later declared insolvent or placed into administration.
Greybulls website says it is passionate about making companies successful, yet British Steel is the second time in two years an investment has soured at the likely cost of thousands of UK jobs and a hefty bill for the British taxpayer.
In 2017, another Greybull company…
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