Pardus Capital Management Recruits Senior Analyst

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Dr. Lutz Stoeber to Focus on Distressed Opportunities in Western Europe

NEW YORK--(BUSINESS WIRE)-- Pardus Capital Management, L.P. (“Pardus”), a New York-based alternative investment manager, today announced that it had recruited Dr. Lutz Stoeber to rejoin the firm as a Senior Analyst to evaluate distressed investments in Western Europe, focusing on Germany. Dr. Stoeber has significant financial analysis, private equity and leveraged buyout experience, with particular expertise in chemicals, basic manufacturing and shipping. He will leverage Pardus’ existing relationships in the European restructuring community.

“We are pleased to bring Lutz back to our team, and look forward to benefiting from his industry expertise and relationships as we continue to evaluate distressed investments in various sectors,” said President and CIO Karim Samii. “Among other opportunities, we have partnered with an established German shipping operator to bid on several hundred million Euros of distressed shipping assets. German banks are holding in excess of $100 billion of shipping loans that need to be worked out in some fashion, which makes this a very large and attractive market for us.”

Prior to joining Pardus, Dr. Stoeber was an investment professional at WR Huff where he worked alongside Mr. Samii and Joseph Thornton, Pardus Principal and Portfolio Manager. Previously, Dr. Stoeber was a member of D. George Harris & Associates, an international leveraged buy-out firm specializing in chemicals, minerals and related basic industries, where he developed his extensive industry network and concentrated on financial analysis and transactional structuring and execution. Prior to that, he worked for three years in product development at AlliedSignal in the United States and Europe.

Pardus Capital Management, L.P.

Founded in 2005, Pardus Capital Management is a New York-based alternative investment manager focused on investing in fulcrum debt, post-reorganized equity and event-driven equity, primarily in the U.S., Western Europe and Latin America. Pardus employs an active investment approach, working constructively with portfolio company management teams and other stakeholders to unlock value.