GLG Raises $214 million, Noam Gottesman Heading to Manhattan

May 18th, 2009
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Noam Gottesman, co-founder and co-CEO of GLG Partner’s is relocating from the firm’s London Headquarters to its Manhattan office. According to The Daily Telegraph, Mr. Gottesman’s move signifies a new emphasis on increasing client assets in the United States.

Separately, in a press release on May 15, the firm announced that it had successfully completed a private offering of $214 million of convertible subordinated notes. The statement revealed that “GLG used a portion of the net proceeds from the offering of the notes to acquire a portion of the indebtedness outstanding under GLG's credit agreement in a transaction that closed concurrently with the closing of the note offering. Approximately $285 million of $570 million principal amount of loans outstanding under the credit facility were acquired at 60% of par value.”
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GLG Partners
Related People: ; Emmanuel "Manny" Roman; Jason Mackay*; John White; Mark Jones; Noam Gottesman*; Pierre Lagrange; Teun Johnston
Related Entities: GLG Alpha Select Fund; GLG Partners Inc; GLG UK Growth; GLG UK Income; GLG UK Select
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