Deals
Stamos Buys Back Stakes From Merrill Lynch, Mets’ Wilpon
This article is for subscribers only.
Peter Stamos, the former McKinsey & Co. consultant who joined New York Mets co-owners Fred Wilpon and Saul Katz to start a hedge-fund firm in 2002, reacquired their stakes through a management buyout.
Stamos Capital Partners LP bought back interests held by the two partners as well as Merrill Lynch & Co., the New York-based firm disclosed in a regulatory filing. Katz and Wilpon amassed a fortune by developing real estate through their Sterling Equities Inc., then invested much of the excess cash with Bernard Madoff and diversified their assets by providing seed capital to Stamos.