>>/10581/, >>/10586/
Implications:
Staple Street Capital owns Dominion on paper.
But there were two HUGE transactions before the election:
- First, in Sept 2019, HSBC Canada did some kind of loan, in exchange for 18 of Dominion's most prized patents as collateral (HSBC = Chinese bank from 1865 now supposedly out of London).
- Second, on Oct 8 2020, there was a $400mil deal for some chunk of Dominion brokered by UBS-Security LLC, which is out of NYC, but with definite ties to UBS-Security LTD in Beijing. Both owned by UBS AG in Switzerland. Re the second deal: An author writing about it said how unusual it was to see a one-investor done so fast and during a pandemic, to boot. (Of course, this was probably the most important election in US history. So maybe money was no object.)Is Staple Street Capital now just a shell company, a Dominion owner in name only?
https://www.buyoutsinsider.com/ex-carlyle-cerberus-execs-shop-staple-street-holds-one-and-done-close-on-fund-iii/