Big-name firms including KKR, Cerberus Capital Management LP, Providence Equity Partners and Wilbur Ross Jr.
This was not seconded by panelists such as vulture investor Wilbur Ross Jr.
"I want to effect change, " says McCaughey, who was married to billionaire Wilbur Ross Jr. for two years.
Among private equity shops, billionaire Wilbur Ross and Marathon Asset Management are both investing in distressed subprime mortgages.
Aside from a handful of pioneers, such as Ripplewood Holdings and Wilbur Ross, private equity investors have largely avoided Japan.
Wilbur Ross-backed Assured Guaranty is the only active insurer currently in the market, taking 81% share of municipal bonds insured last month.
Media magnate Kalanithi Maran who bought budget carrier SpiceJet from Wilbur Ross Jr and others, could be a front-runner in potential deals.
Forbes 400 member Wilbur Ross also participated in the deal.
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The last possibility that I also believe makes a lot of sense would be for the company's largest shareholder, Wilbur Ross, to take the company private.
Billionaire financier Wilbur Ross' company, International Textile Group, targeted China's burgeoning middle class back in December (see "Ross: Billionaire Ventures Into Chinese Textile Market" ).
Boyazny has also been an early backer of some of the most successful managers in the credit and special situations space, including Wilbur Ross, SVP and others.
Backed by billionaire Wilbur Ross, Assured Guaranty had been the only online monoline to continue to issue new policies as it had been the only one to keep its credit rating.
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Unlike, say, Wilbur Ross, who had quick success rolling up broken steel companies by slashing production costs, the Bouchards say they'll order no layoffs among the 2, 600 employees (out of 3, 100) who are unionized.
In nearby Greensboro, International Textile Group, a collection of rolled-fabric makers bought out of bankruptcy by financier Wilbur Ross, is coming up with new products for affiliated company Nano-Tex, which develops textile applications on the nano scale.
Wilbur L. Ross Jr. is considering a bid for Ambac Financial Group.
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