WL Ross & Co. LLC

Overview

WL Ross & Co. LLC is a private equity firm founded in April 2000 by Wilbur Ross, focusing on investments in financially distressed companies and undervalued assets, typically in the $100 to $200 million range. The firm operates primarily in the United States, Asia, Korea, Ireland, Japan, France, and China, aiming to acquire majority stakes through purchases and buyouts. This approach enables them to implement restructuring, turnarounds, mergers, reorganizations, and industry consolidation strategies. The firm's investment strategy encompasses sectors such as financial services, steel, energy, textiles, shipping, and automotive components. WL Ross & Co. has a history of successfully managing and restructuring distressed businesses, exemplified by the creation of International Steel Group (ISG) in 2002. By acquiring assets from bankrupt steel companies, ISG became the largest integrated steel company in the U.S. by 2005. In 2005, WL Ross sold ISG to Mittal Steel for $4.5 billion, half in cash and half in stock. Since 2006, WL Ross & Co. has operated as a wholly owned subsidiary of Invesco Ltd, an American investment management company headquartered in Atlanta, Georgia. Under Invesco's ownership, the firm continues to focus on distressed and undervalued assets, leveraging its expertise in restructuring and turnaround management to enhance the value of its investments.

Investment Focus

• Financial distress
• Undervalued assets
• Majority stake acquisition

Portfolio Companies