Hotel Investor Defends Talks While Development 'In Crisis'

Law360, London (June 24, 2019, 6:23 PM BST) -- A former executive at Bain Capital LLC testified in a London court on Monday that any secret discussions he held with a private equity firm over the financial health of a luxury hotel development he had invested in were “not nefarious” but vital to saving the project.

Mark Nunnelly said that the building of Le Barthelemy Hotel and Spa, a luxury five-star hotel on the Caribbean island of St. Barts, was “in crisis” at the point he began reaching out directly to private equity firm Colony Capital for one-on-one meetings without inviting Duet Group Ltd., which had been responsible for the...

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