Stonehill may go after Phones 4u owner BC Partners - report

Wednesday 18 March 2015 | 10:16 CET | News
US hedge fund Stonehill could mount a legal attack on private equity firm BC Partners, owner of defunct UK retail chain Phones 4u, the Telegraph reports. Stonehill, a distressed debt specialist, is said to be the largest holder of the bonds, sold on the Irish capital markets in 2011. Phones 4u's administrator, PwC, said it had signed a confidentiality agreement with Stonehill, to give it access to its research on what led to the collapse of Phones 4u. BC Partners recouped its investment in Phones 4u with a special dividend a year before it failed. Stonehill appears to be betting that it will

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Categories: Mobile & Wireless
Companies: Phones 4U / Vodafone
Countries: United Kingdom
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