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Greybull Capital
 | |
| Company type | Limited liability partnership |
|---|---|
| Industry | Investment |
| Founded | 1 April 2010 |
| Headquarters | 32 Sloane Street, Knightsbridge, SW1X 9NR, , United Kingdom |
Key people | Marc Meyohas Daniel Goldstein[1] |
| Website | greybull |
| Footnotes / references Registered Nr.OC354497[2] | |
Greybull Capital LLP is a private investment company that specialises in medium- to long-term investments in UK-based companies. It was incorporated as a limited liability partnership in April 2010. In the aftermath of the financial crisis of 2007–2008, Greybull's strategy was to buy distressed firms and return them to success.[3]
By 2019, Greybull had bought several struggling firms for low prices, but many of them had subsequently failed. Examples include the airline Monarch, sports bar and snooker hall chain Riley's, the M Local convenience store chain, and electrical goods retailer Comet.[3] Greybull bought British Steel, Britain's second-largest steelworks, for £1 in 2016, invested £20-million in the company, and charged it £6-million in fees and accrued £14-million of owed interest in the years after. British Steel became insolvent in May 2019, after failing to secure government funding.[3]
Greybull was criticised in 2019 by Lord Myners for its track record of making money from failed investments. [4]
- ^ Topham, Gwyn (11 April 2016). "Greybull Capital: what we know about the Tata Steel Scunthorpe buyer". Retrieved 22 May 2019 – via www.theguardian.com.
- ^ "Greybull Capital Llp". Company Data REX.
- ^ a b c Rob Davies and Rupert Neate (23 May 2019). "Greybull Capital: rescuer of distressed firms or vulture fund?". The Guardian.
- ^ "British Steel collapse: the role of Greybull Capital". BBC News. 22 May 2019. Retrieved 10 February 2021.
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