Published July 8, 2010 at 9:39 AM
Lincolnshire Management Inc.'s $35 million preferred stock investment in struggling Wabash National Corp. in August 2009 came despite an estimate that Wabash would lose $45 million in Ebitda by year's end. As the firm's Michael Lyons recounts, it was a smart move. Less than a year later, Lincolnshire has partially realized a 545% gain. For more read the feature in The Deal Magazine, "Dreaming of 2003," or check out Lyons addressing middle market debt or private equity firms overpaying for targets. Watch the video below or download it at iTunes. - Suzanne Stevens
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Goldman, Sachs & Co. veteran Tracy Caliendo will join Bank of America Merrill Lynch in September as a managing director and head of Americas equity hedge fund services. For other updates launch today's Movers & shakers slideshow.
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