Morgans Gets a Hand From Yucaipa

Davis, Avram
October 2009
Mergers & Acquisitions Report;10/19/2009, Vol. 22 Issue 42, p19
The article reports that Morgans Hotel Group Co. has been recapitalized by 75 million U.S. dollars by Yucaipa Cos. LLC, a private equity firm based in Los Angeles, California. The president of the company is now Marc Gordon while Michael Gross will be part of the board. In addition, 200 million U.S. dollars of liquidity have been added to Morgans Hotel.


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