MHR Fund Management

MHR Fund Management
Company typePrivate
IndustryPrivate Equity
Founded1996
HeadquartersNew York, New York
Key people
Mark Rachesky
ProductsLeveraged buyout, Distressed securities
Total assets$658 million
Websitewww.mhrfund.com

MHR Fund Management is a private equity firm focusing on leveraged buyout and distressed securities transactions in the United States. The firm specializes in turnaround, buyouts and undervalued middle-market companies, most notably in the entertainment, communications and energy sectors.[1]

History

MHR Fund Management was co-founded in 1996 by Mark Rachesky, MD and Hal Goldstein.[1] From 1990-1996, Rachesky had worked under Carl Icahn as senior investment officer and chief investment advisor at Icahn Enterprises before opening MHR with Goldstein.[2][3][4] Notable investments have included Lions Gate Entertainment Corporation, Titan Tire Corporation, Leap Wireless and Loral Space & Communications, among others.[4]

In 2004, MHR began accumulating shares in Lionsgate.[2][5]

References

  1. ^ a b Effinger, Anthony (20 March 2013). "Activist investor Mark Rachesky again goes toe-to-toe with mentor Icahn". Washington Post. Retrieved 30 October 2017.
  2. ^ a b Vardi, Nathan (30 October 2013). "The Smart Money Behind 'The Hunger Games'". Forbes. Retrieved 30 October 2017.
  3. ^ Lewis, Hilary (23 March 2009). "Meet Mark Rachesky: The Protege Who Stabbed Icahn In The Back". Business Insider. Retrieved 30 October 2017.
  4. ^ a b Butt, Rachel (16 June 2016). "Here are the 10 biggest activist money managers and some of their most impressive bets". Business Insider. Retrieved 30 October 2017.
  5. ^ Vardi, Nathan (13 March 2014). "Lions Gate Admits, To Beat Carl Icahn, It Committed Wrongdoing, Settles SEC Charges". Forbes. Retrieved 30 October 2017.