A new private equity house was set to emerge from the wreckage of Lehman Brothers on Monday, as investors in the failed US investment bank’s buy-out business were expected to vote for its recreation after Johann Rupert, the South African billionaire, joined forces with managers from Lehman Brothers Merchant Banking Partners to buy it out of the bank. Votes from 320 investors in LBMB were on Monday night expected to secure the necessary majority to survive under new owners.

This entry was posted by Gwen Robinson on Tuesday, March 10th, 2009 at 5:02 and is filed under Capital markets, People, Private equity. Tagged with LBMB, Lehman Brothers. Edit this entry.