August 23, 2017 5:41 PM ET

Capital Markets

Company Overview of WL Ross & Co. LLC

Company Overview

WL Ross & Co. LLC is a private equity firm specializing in middle market, restructurings, buyouts, turnarounds, acquisitions 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, shipping assets, natural resources, power, aerospace, chemical, industrials se...

1166 Avenue of the Americas

25th Floor

New York, NY 10036

United States

Founded in 2000

Phone:

212-826-1100

Fax:

212-317-4893

Key Executives for WL Ross & Co. LLC

Founder and Member of the Office of the Chairman
Age: 80
Co-Head & Senior MD
Age: 44
Principal & MD of Product Development and Investor Relations
MD & Partner
Age: 43
Senior MD & Co-Head
Compensation as of Fiscal Year 2017.

WL Ross & Co. LLC Key Developments

WL Ross & Co. LLC Appoints Hal Malone to Head Its Shipping & Transportation Practice

WL Ross & Co. LLC announced that Hal Malone has joined the firm to head its Shipping & Transportation practice. He will be responsible for leading all of the firm's investing activities in transportation, a principal component of WLR's distressed private equity business. Mr. Malonejoins WLR from the Navig8 Group, a fully integrated provider of shipping management services and independent pool and commercial management company, where he served as chief strategic officer. Prior to Navig8, he spent over 18 years in investment banking, most recently as a managing director in the maritime group at Jefferies LLC. During Mr. Malone's career, he has served as the lead advisor in a number of high profile maritime transactions, including the initial public offering of Navigator Holdings (the parent company of Navigator Gas), the merger of Navig8 Crude Tankers with General Maritime to create Gener8 Maritime and the recapitalization of Overseas Shipholding through chapter 11 on behalf of the ad hoc equity holders committee.

WL Ross Reportedly In Talks To Sell OCM

WL Ross & Co. LLC is in talks with Shandong Jining Ruyi Woolen Textile Co., Ltd. (SZSE:002193) to sell its entire stake in OCM India Limited, said two people aware of the discussions. The talks are currently at the term-sheet stage and a deal is likely to be finalized in the coming weeks if they prove to be conclusive, according to the people, who spoke on condition of anonymity. The size of the transaction was not immediately known. A senior OCM India official, who declined to be named, said, "WL Ross is in talks with potential buyers to sell its entire stake and is currently evaluating bids." Requests for comment sent to WL Ross & Co., Shandong Ruyi and OCM India remained unanswered until the time of going to press, Mint reported.

WL Ross & Co., China Baowu Steel Group, U.S.-China Green Fund and China Merchants Group to Form JV

WL Ross & Co. (WLR), Hwabao Investment Corp., the investment arm of China Baowu Steel Group, U.S.-China Green Fund and China Merchants Finance Holdings Co. reported that they have signed a framework agreement to form a joint venture for the purpose of establishing an investment vehicle to acquire steel industry assets in China. the framework agreement sets forth the terms upon which the parties have agreed to jointly establish Four Rivers Investment Management Company (the JV). The JV is expected to establish an investment vehicle dedicated to the domestic Chinese steel production sector. Through the investment vehicle, the JV expects to make investments totaling RMB 40 billion to RMB 80 billion. WLR and Baowu will lead the shareholder group to establish the investment vehicle as well as to identify and invest in underperforming steel industry assets. The goal is to restructure distressed balance sheets and create operational efficiencies through process improvements and capacity rationalizations.

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