Company Overview of WL Ross & Co. LLC
WL Ross & Co. LLC is a private equity firm specializing in restructurings, buyouts, turnarounds, acquisition's and mergers, special situations, reorganizations, PIPEs, and industry consolidations. The firm invests in financially distressed companies. It also invests in the public equity markets. The firm invests in the undervalued stocks of companies. It prefers to invest in financial services including debt securities, distressed bank loans, mortgage, trade claims, and equity-linked securities, healthcare, textiles, wholesale distribution, energy, airline leasing, auto parts, metals, transportation, natural resources, power, aerospace, chemical, industrials sectors, rail, and mineral compan...
1166 Avenue of the Americas
New York, NY 10036
Founded in 2000
Key Executives for WL Ross & Co. LLC
Founder, Chief Strategy Officer, Chairman, Member of the Office of the Chairman, and Member of Investment Committee
Chief Financial Officer and Member of the Investment Committee
Principal and Managing Director of Product Development and Investor Relations
Managing Director, Director, and Member of the Investment Committee
Co-Head, Senior Managing Director, Co-Leader, Chairman of Investment Committee and Member of the Office of the Chairman
Compensation as of Fiscal Year 2016.
WL Ross & Co. LLC Key Developments
WL Ross & Co. LLC Presents at Private Equity Investing in Distressed Middle-Market Companies, Apr-14-2016 11:45 AM
Apr 12 16
WL Ross & Co. LLC Presents at Private Equity Investing in Distressed Middle-Market Companies, Apr-14-2016 11:45 AM. Venue: The University Club, Dwight Room, One West 54 Street (at 5th Avenue), New York, United States. Speakers: Wilbur Louis Ross, Founder, Chief Strategy Officer, Chairman, Member of the Office of the Chairman, and Member of Investment Committee.
WL Ross & Co. Announces the Addition of Two Managing Directors
Apr 5 16
WL Ross & Co. announced the addition of two Managing Directors as the firm looks to further strengthen its investment team. Paul Triggianijoins WL Ross & Co. as Managing Director to lead activities in special situations credit, an essential complement to WL Ross & Co.'s distressed private equity business. Additionally, Nadim Qureshi, has joinedWL Ross & Co. as Managing Director to lead its investment activities in the chemicals & industrials vertical. Prior to WL Ross & Co., Qureshi served as Partner at Quinpario Partners and brings with him 16 years of investment and operating experience from his involvement in the restructuring and turnaround of Solutia, a specialty chemicals company acquired by Eastman Chemical.
Homeward Residential, QBE Insurance Corporation and WL Ross & Co. Faces Amended Class Action Lawsuit over Mortgage Escrow Charges for Force-Placed Hazard Insurance
Mar 30 16
An amended complaint has been filed in a class action lawsuit against Homeward Residential, QBE Insurance Corporation, WL Ross & Co., and certain of their affiliates in connection with an allegedly unlawful scheme to recoup overstated disbursements for force-placed hazard insurance from homeowners. The amended complaint, filed by the law firm of Kirby McInerney LLP on March 8, 2016 in the United States District Court for the Southern District of Florida, alleges that QBE Insurance and its affiliates gave Homeward secret premium rebates or kickbacks on its force-placed hazard insurance, but homeowners were nevertheless charged for reimbursement based on the full premiums materially in excess of Homeward’s true disbursements, which had been reduced by the rebates. The overstated force-placed hazard insurance charges were incorporated into homeowners’ monthly mortgage bills, and charged to homeowners’ mortgage escrow accounts.
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