Deals
Distressed Diva Tilton Has More Than Just the SEC to Worry About
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Lynn Tilton is a study in contradictions.
The 55-year-old is a philanthropist for women’s causes who named the buyout firm she founded Patriarch Partners LLC and mailed out Christmas cards of herself dressed in lingerie. A buyer of old-economy businesses such as clothing retailer Spiegel LLC and map maker Rand McNally & Co., Tilton nevertheless embraced new and complex forms of debt to fund her companies.