 | This article needs to be updated.(October 2018) |
Alex Mascioli | |
|---|---|
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| Born | August 30, 1975 |
| Nationality | American |
| Occupation | Investment Banking |
| Employer | North Street Capital, LP |
Alex Mascioli is an American businessman and investor. He is the founder and managing partner of North Street Capital, LP which invests in leveraged buyouts and public and private equity.
Mascioli has been involved in Dutch automaker Spyker Cars and Swedish automaker Saab automobile. Mascioli and Saab Chairman & CEO Victor Muller came to a deal in which North Street would acquire the supercar maker Spyker from Swedish Automobile, which began to struggle financially with Saab, for $43.5 million in cash, [1] [2] and the proceeds would be used to pay off company debt. Shortly afterwards another deal was struck in which Alex Mascioli would pay $70 million to buy shares of Saab and issue a convertible note of $60 million collateralized by Saab's assets. [3] [4] In 2011, the press reported that Mascioli might take over 100% of Saab and in an interview with Reuters it was mentioned that he had the capacity to take over the company should he chose to do so. [5]
Mascioli has been published in magazines featured as "On The Road With Alex Mascioli" for articles relating to automakers which include Audi, Bentley, BMW, Maserati, Mercedes, and Jaguar.[ citation needed ]
The Mercedes-Benz Group AG is a German multinational automotive corporation headquartered in Stuttgart, Baden-Württemberg, Germany. It is one of the world's leading car manufacturers. Daimler-Benz was formed with the merger of Benz & Cie. and Daimler Motoren Gesellschaft in 1926. The company was renamed DaimlerChrysler upon acquiring the American automobile manufacturer Chrysler Corporation in 1998, and was again renamed Daimler AG upon divestment of Chrysler in 2007. In 2021, Daimler AG was the second-largest German automaker and the sixth-largest worldwide by production. In February 2022, Daimler was renamed Mercedes-Benz Group.
The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and private credit. It is one of the largest mega-funds in the world. In 2015, Carlyle was the world's largest private equity firm by capital raised over the previous five years, according to the PEI 300 index, though by 2020, it had slipped into second place.
Saab Automobile AB was a car manufacturer that was founded in Sweden in 1945 when its parent company, Saab AB, began a project to design a small automobile. The first production model, the Saab 92, was launched in 1949. In 1968 the parent company merged with Scania-Vabis, and ten years later the Saab 900 was launched, in time becoming Saab's best-selling model. In the mid-1980s the new Saab 9000 model also appeared.
Bain Capital is an American private investment firm based in Boston. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, and real estate. Bain Capital invests across a range of industry sectors and geographic regions. As of 2022, the firm managed approximately $160 billion of investor capital. The firm was founded in 1984 by partners from the consulting firm Bain & Company. The company is headquartered at 200 Clarendon Street in Boston with 22 offices in North America, Europe, Asia, and Australia.
Spyker Cars is a Dutch sports car marque held by the holding company Spyker N.V.. The modern Spyker Cars held the legal rights to the brand name. The company's motto is "Nulla tenaci invia est via", Latin for "For the tenacious, no road is impassable". The marque's logo displays an aircraft propeller superimposed over a spoked wheel, a reference to the historic Spyker company that manufactured automobiles and aircraft. In 2010, the company acquired Swedish car manufacturer Saab Automobile from General Motors.
The Saab 9-4X is a mid-size luxury crossover SUV that was introduced at the 2010 LA Auto Show. It is based on the all-wheel-drive GM Theta Premium platform, which also forms the basis for the Cadillac SRX. Production of the 9-4X began in 2011, at General Motors' Ramos Arizpe Assembly in Mexico, but halted before the end of that year due to the bankruptcy of Saab, a total of 814 assembled.
Chang'an Automobile Co., Ltd. is a Chinese state-owned automobile manufacturer headquartered in Jiangbei, Chongqing. Founded in 1862, it is China’s oldest automobile maker. It is currently the smallest of the "Big Four" state-owned car manufacturers of China, namely: SAIC Motor, FAW Group, Dongfeng Motor Corporation, and Changan Automobile, with car sales of 5.37 million, 3.50 million, 3.28 million and 2.30 million in 2021 respectively.
General Motors Europe was the European subsidiary of the American automaker General Motors ("GM"). The subsidiary was established by GM in 1986 and operated 14 production and assembly facilities in 9 countries, and employed around 54,500 people. GM's core European brands were Vauxhall and Opel, which both sell much the same range of cars in different markets. GM also owned the Swedish brand Saab until early 2010 and sold Chevrolet models between 2005 and 2015. The U.S. brand Cadillac is imported into Europe in small quantities. In 2009, General Motors (GM) announced to move its European headquarters from Zürich, Switzerland to Rüsselsheim, Germany to strengthen its German subsidiary Opel.
CVC Capital Partners is a Luxembourg-based private equity and investment advisory firm with approximately US$133 billion of assets under management and approximately €157 billion in secured commitments since inception across American, European and Asian private equity, secondaries and credit funds. As of 31 December 2021, the funds managed or advised by CVC are invested in more than 100 companies worldwide, employing over 450,000 people in numerous countries. CVC was founded in 1981 and, as of 31 March 2022, has over 650 employees working across its network of 25 offices throughout EMEA, Asia and the Americas.
Silver Lake is an American global private equity firm focused on investments in technology, technology-enabled and related industries. Founded in 1999, the firm is one of the largest technology investors in the world. Its investment holdings have included Airbnb, Alibaba Group, Ancestry.com, Broadcom, Credit Karma, City Football Group, Dell Technologies, Endeavor, Expedia Group, Fanatics, First Advantage, Flixbus, Global Blue, GoDaddy, Jio, Lightbox, Motorola Solutions, New Zealand Rugby, NortonLifeLock, Red Ventures, Sabre Corporation, Skype, SoFi, GLG, Seagate Technology, SolarWinds, TEG, Twitter, Unity Technologies, Waymo, Weld North Education, WP Engine, Vacasa, the A-League football competition in Australia, and ZPG. Silver Lake is headquartered in Silicon Valley, and has offices in New York, London and Hong Kong.
Apollo Global Management, Inc. is an American global private-equity firm. It provides investment management and invests in credit, private equity, and real assets. As of March 31, 2022, the company had $512 billion of assets under management, including $372 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $80.7 billion invested in private equity, and $46.2 billion invested in real assets, which includes real estate and infrastructure. The company invests money on behalf of pension funds, financial endowments, and sovereign wealth funds, as well as other institutional and individual investors. Since inception in 1990, private-equity funds managed by Apollo have produced a 24% internal rate of return (IRR) to investors, net of fees.
Victor Roberto Muller is a Dutch businessman, founder of Spyker Cars, CEO of Spyker N.V., and former Chairman and CEO of Saab Automobile AB.
The 2008–2010 automotive industry crisis formed part of the 2007–2008 financial crisis and the resulting Great Recession. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry. The downturn also affected Canada by virtue of the Automotive Products Trade Agreement.
Beijing Automotive Group Co., Ltd. (BAIC) is a Chinese state-owned automobile manufacturer headquartered in Shunyi, Beijing. Founded in 1958, it is the sixth largest automobile manufacturer in China, with 1.723 million sales in 2021.
Vladimir Aleksandrovich Antonov is a Russian banker, entrepreneur and investor. In 2007 Antonov's personal wealth was estimated at $300 million which ranked him as number 182 among Russian millionaires.
Youngman was a Chinese manufacturer of buses and trucks located in Jinhua, Zhejiang province. The company was founded in 2001 by Pang Qingnian and also used to manufacture automobiles. However, its passenger car business appears to have ceased operation by mid-2015.
Hawtai is a Chinese automotive manufacturing company headquartered in Beijing, with production facilities in Ordos, Inner Mongolia, and Rongcheng, Shandong. Selling cars and SUVs under the Hawtai brand, from 2002 to 2010 the company had a joint venture or other form of legal cooperation with Hyundai Motors that manufactured Hyundai-brand passenger cars for the mainland China market; Hawtai continues to use some Hyundai technology today.
North Street Capital, LP is a privately owned private equity and hedge fund firm based in Greenwich, Connecticut. The firm is run by Alex Mascioli, who founded the firm and is named after a street in town. The firm invests in leveraged buyouts and public and private equity. Mascioli is the company's Managing Partner and Chief Executive Officer.
The automotive industry in Sweden is mainly associated with passenger car manufacturers Volvo Cars and Saab Automobile but Sweden is also home of two of the largest truck manufacturers in the world: AB Volvo and Scania AB. The automotive industry is heavily dependent on export as some 85 percent of the passenger cars and 95 percent of the heavy vehicles are sold outside of Sweden. The automotive industry and its sub-contractors is a major part of Swedish industry. In 2011 around 110,000 people were employed and the export income of 150 billion SEK accounted for 12 per cent of Sweden's export income. During 2009 128,738 passenger cars and 27,698 heavy vehicles were built in Sweden. Koenigsegg is also a famous swedish company which makes some of the fastest cars in the world, but also some of the most expensive. They make cars like:Koenigsegg Jesko, Gemera, 1:One, Agera, Regera etc.
Saab Automobile was sold to Spyker Cars N.V. in 2010 after a deal between Spyker and then-current owner General Motors. After struggling to avoid insolvency throughout 2011, the company petitioned for bankruptcy following the failure of a Chinese consortium to complete a purchase of the company; the purchase had been blocked by former owner GM, which opposed the transfer of technology and production rights to a Chinese company. In 2012, Spyker filed a lawsuit against GM asking for US$3 billion in damages after GM had attempted to block the deals between Spyker and Chinese automaker Youngman, who were investing in Saab Automobile. Consequently, Saab was forced to file bankruptcy in 2012. Spyker's claim was dismissed in June 2013.