MHR Fund Management is a

private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

firm focusing on

leveraged buyout A leveraged buyout (LBO) is the acquisition of a company using a significant proportion of borrowed money (Leverage (finance), leverage) to fund the acquisition with the remainder of the purchase price funded with private equity. The assets of t ...

and

distressed securities In corporate finance, distressed securities are security (finance), securities over companies or government entities that are experiencing Financial distress, financial or operational distress, Default (finance), default, or are under bankruptcy. ...

transactions in the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

. The firm specializes in turnaround, buyouts and undervalued middle-market companies, most notably in the entertainment, communications and energy sectors.

History

MHR Fund Management was co-founded in 1996 by Mark Rachesky, MD and Hal Goldstein. From 1990-1996, Rachesky had worked under

Carl Icahn Carl Celian Icahn (; born February 16, 1936) is an American businessman and investor. He is the founder and controlling shareholder of Icahn Enterprises, a public company and diversified conglomerate holding company based in Sunny Isles Beach, ...

as senior investment officer and chief investment advisor at Icahn Enterprises before opening MHR with Goldstein. Notable investments have included Lions Gate Entertainment Corporation, Titan Tire Corporation, Leap Wireless and

Loral Space & Communications Loral Space & Communications Inc. is a Delaware-domiciled satellite communications company headed by Michael B. Targoff. The company was formed in 1996 from the remnants of Loral Corporation when Loral divested its defense electronics and system ...

, among others. In 2004, MHR began accumulating shares in

Lionsgate Lions Gate, Lion Gate or similar terms may refer to: Gates *Lion Gate at Mycenae in Greece *Lion Gate, one of the entrances to the ancient Hittite city of Hattusa, now in Turkey *Lion Gate, one of the entrances to the gardens of Hampton Court Pala ...

References

External links

MHR Fund Management
(company website) {{Private equity firms Private equity firms