Company type | Private |
---|---|
Industry | Private Equity |
Founded | 1996 |
Headquarters | New York, New York |
Key people | Mark Rachesky |
Products | Leveraged buyout, Distressed securities |
Total assets | $658 million |
Website |
www |
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]
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]