Entries tagged "Marathon Acquisition Corp."
Revelations of J.W. Childs Associates LP filing for a $200 million special purpose acquisition company, or SPAC, has commentators dredging up the painful reminder -- at least for the firm -- of its failed attempt to raise a traditional $2.5 billion buyout fund in 2006. The failed fund subsequently led to an exodus of three principals, who formed West Hill Partners LP. In spite of the tough credit environment, top-tier firms haven't had much trouble raising new funds, but things have been tougher for those that can't point to a few blockbuster cash outs during "private equity's Golden Age."...
