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Leibovitz Leaves Art Capital for Colony

Posted Mar 14th 2010 11:20AM by Tom Johansmeyer (RSS feed)
Filed under: Deals, Private Equity, Scandals, Goldman Sachs Group (GS)

Art Capital Group and Annie Leibovitz have moved on from each other. Last week, the photographer found something of an angel in private equity firm Colony Capital LLC.

Leibovitz owed $24 million to the art investment bank last September, when she restructured her debt for terms that were not disclosed. The private equity firm, which worked with Michael Jackson in the past, settled the debt to Art Capital Group on March 8, 2010, and announced a "new partnership" with Leibovitz. None of the terms are being disclosed ... as usual.

Continue reading Leibovitz Leaves Art Capital for Colony

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