Babcock & Brown [SEP] dissolved or abolished
Babcock &amp; Brown
Babcock & Brown LP was a global investment and advisory firm based in Sydney, Australia that went into liquidation in 2009. It was best known in financial markets for structured finance deals. The company had at its peak 28 offices and over 1,500 employees worldwide. Although headquartered in Sydney, it had a significant presence in Europe and the United States. The creditors of Babcock & Brown voted to place the company into liquidation on 24 August 2009.
At the end of 2008 Babcock had a market
of chairman of the Irish airline Aer Lingus. Desmond turned down the offer citing prior commitments as a factor which would not allow him the sufficient time necessary to do the job. Former GPA chief operating officer and current Babcock & Brown Air chief executive Colm Barrington was subsequently named chairman of Aer Lingus.
On Wed, Sep 19, 2018 it was announced that Desmond increased his stake in Toronto mining company Mountain Province Diamonds to 28% that is valued at a current market price of approximately $158million. The company's