Lazard Alternative Investments Invests EUR50 Million in Waterford Wedgwood.
PR Newswire Europe, December, 2007
LONDON, December 28 /PRNewswire/ -- Waterford Wedgwood plc (LSE: WTFU), the international luxury lifestyle group, announces that Corporate Partners II, a New York-based, private equity fund of Lazard Alternative Investments LLC ("Lazard Alternative Investments"), has invested fifty million Euro (EUR50 million) in the Company. Corporate Partners II has subscribed for 5 million cumulative convertible preference shares as part of the issue first announced on April 5 last.
Concurrently with the investment, the Company has agreed that Ali E. Wambold, Chief Executive Officer of Lazard Alternative Investments LLC and a Managing Principal of Corporate Partners, and Jonathan H. Kagan, a Managing Principal of Corporate Partners, will join the Board of Waterford...
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