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Sugar Daddy

 

He's Jewish already a good starting point. His sister has lived in Haifa for thirty years. After the first week of the Yom Kippur War he came to Israel to volunteer as a cowboy on Kibbutz Beit Nir, taking leave from his legal studies at Temple University. He speaks a few words of Hebrew, and he's in Israel to do business. Meet leveraged buyout fund Fox Paine's CEO, Saul Fox. He's just closing the deal to take Paradigm Geophysical (Nasdaq:PGEO) private and no, he isn't afraid to do business in Israel. On the contrary, that is exactly what he plans to do.

Fox has racked up twenty-five years of in leveraged deals, including MBOs (Management Buy-Outs) he carried out over the years both at Fox Paine and as a partner with Kolberg Kravis Roberts, where he learned the ropes and met his partner, Dexter Paine III. Just like that.

"Dexter lent me money when I wanted to found the company and make my first leveraged buyout, Motel 6, in 1985. I never forget anyone who lends me even a dollar so later, in 1997, we formed the joint company." The deal he did then was for $881 million. ...

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