Babcock & Brown was a global investment and advisory firm based in Sydney, Australia. It was best known in financial markets for structured finance deals that is currently in liquidation. The company had at its peak 28 offices and in excess of 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 Au...
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Babcock & Brown was a global investment and advisory firm based in Sydney, Australia. It was best known in financial markets for structured finance deals that is currently in liquidation. The company had at its peak 28 offices and in excess of 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 August 24, 2009.
At the end of 2006, Babcock had a market capitalisation of just over $8.5 billion, and in 2007 its market capitalization peaked above $9.1 billion (AU$33.90 per share). However by October 2008 the share price had collapsed by 96% to AU$1.40 and by December 2008 by 99.6% to AU$0.14, representing a market capitalisation of less than $50 million. On March 13, 2009 the company was placed into voluntary administration. Approximately 45% of its shares were owned by the executives of the firm.
Nicknamed the "Mini Macquarie", it was a...
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