Patriarch Partners Wins Polaroid Assets Auction

Marino, Jonathan
April 2009
Mergers & Acquisitions Report;4/13/2009, Vol. 22 Issue 15, p1
This article reports on the acquisition by Patriarch Firms, a New York private equity firm specializing in restructurings, of certain Polaroid assets via a bankruptcy auction. Lynn Tilton of Patriarch Partners says they plan to continue rebuilding the brand. In December 2008, Polaroid filed for bankruptcy protection following a fraud investigation of parent firm Petters Group Worldwide. According to Polaroid Chief Executive Officer (CEO) Mary Jefferies, Polaroid will be repositioned by Patriarch in digital instant photography.


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