One Equity is seen as a master of the quick flip, having banked a 79 to 50 stake in the company. So Nasser sets up PAG while with Ford and might end up having a hand in it being dismantled. Interesting world.
[Source: Detroit Free Press]
Just about a year ago we reported that former Ford CEO, Jacques Nasser, was interested in possibly buying Land Rover and Jaguar. It was kind of ironic, given the fact that Nasser had been instrumental in the acquisition of LR and Volvo during his tenure at Ford. Well, it's deja vu all over again as word has spread that Nasser is set to tour those British companies in the very near future. Working under JPMorgan Chase & Co.'s One Equity Partners LLC, he is expected to meet with trade union officials while there to discuss a possible purchase. No comment from Ford yet.