Alex Mascioli
 | This article needs to be updated. (October 2018) |
Alex Mascioli | |
|---|---|
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| Born | August 30, 1975 |
| Nationality | American |
| Occupation | Investment Banking |
| Employer | North Street Capital, LP |
Alex Mascioli is an American businessman and investor. He is the founder and managing partner of North Street Capital, LP which invests in leveraged buyouts and public and private equity.
Business career
[edit]Mascioli has been involved in Dutch automaker Spyker Cars and Swedish automaker Saab automobile. Mascioli and Saab Chairman & CEO Victor Muller came to a deal in which North Street would acquire the supercar maker Spyker from Swedish Automobile, which began to struggle financially with Saab, for $43.5 million in cash,[1][2] and the proceeds would be used to pay off company debt. Shortly afterwards another deal was struck in which Alex Mascioli would pay $70 million to buy shares of Saab and issue a convertible note of $60 million collateralized by Saab's assets.[3][4] In 2011, the press reported that Mascioli might take over 100% of Saab and in an interview with Reuters it was mentioned that he had the capacity to take over the company should he chose to do so.[5]
Media
[edit]Mascioli has been published in magazines featured as "On The Road With Alex Mascioli" for articles relating to automakers which include Audi, Bentley, BMW, Maserati, Mercedes, and Jaguar.[citation needed]
References
[edit]- ^ "North Street Capital Buys Spyker for $43.5 Million". The New York Times. 29 September 2011. Retrieved 2015-10-17.
- ^ "Update 4-Saab owner to sell Spyker for 32 mln euros". Reuters. 2011-09-29. Retrieved 2015-10-17.
- ^ "North Street Capital Puts $70M into Saab Owner". PE Hub. 2011-10-20. Retrieved 2015-10-17.
- ^ "Saab wins $70m lifeline from private equity car-lover - BBC News". BBC News. 20 October 2011. Retrieved 2015-10-17.
- ^ Roumeliotis, Greg (2011-10-20). "Saab owner spurns Chinese takeover". Reuters. Retrieved 2015-10-17.