Saab To Get $70 Million Lifeline From Private Equity Firm

Saab To Get $70 Million Lifeline From Private Equity Firm
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U.S. private equity firm North Street Capital will give Saab a $70 million investment, including an equity stake worth $10 million and a $60 million loan to the ailing car maker. With Chinese-backed financing looking increasingly unlikely, the investment from North Street Capital, a firm run by auto enthusiast Alex Mascioli, will give Saab the… Continue Reading...

Spyker Bought By American Private Equity Firm

Spyker Bought By American Private Equity Firm
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U.S. private equity firm North Street Capital, has purchased Spyker, after a deal to sell the Dutch outfit to Russian investors fell through. The Financial Times reported the news after viewing a preliminary draft of the announcement. It’s unclear how the Spyker sale will impact parent company Swedish Automobile, and its attempts to restructure Saab,… Continue Reading...