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Babcock & Brown was a global investment and advisory firm based in Sydney, Australia that went into liquidation in 2009. It was best known in financial markets for structured finance deals. The company had at its peak 28 offices and over 1,500 employees worldwide. Although headquartered in Sydney, it had a significant presence in Europe and the United States. The creditors of Babcock & Brown voted to place the company into liquidation on 24 August 2009. At the end of 2008 Babcock had a market capitalisation of just over $8.5 billion, and in 2007 its market capitalization peaked at above $9.1 billion (A$33.90 per share). However, by October 2008 the share price had collapsed by 95% to A$1.30〔(Big boys' greed pulls us all down ) - Business, The Melbourne Morning Herald〕 and by December 2008 by 99.6% to A$0.14, representing a market capitalisation of less than $50 million. On 13 March 2009 the company was placed into voluntary administration. Approximately 45% of its shares were owned by the executives of the firm. Nicknamed the "Mini Macquarie",〔(Lateline Business ) - Australian Broadcasting Corporation〕〔(Babcock and Brown CEO salary deal attracts investors ) - PM, ABC Local Radio〕〔(Bad hair day for Lend Lease ) - Business, The Sydney Morning Herald〕〔Whitney Fitzsimmons - Midday Report, ABC TV, 1 August 2007〕 it was a company frequently compared with larger competitor Macquarie Bank. ==History== The Company was founded in 1977 by James Babcock and George Brown in San Francisco, USA. Babcock opened a Sydney office in 1982 and largely operated as a corporate advisory firm focused on leasing of aircraft and other equipment until the early 1990s. B&B entered the real estate market in Sydney, at that time enjoying considerable success. Jim Babcock resigned from the board of directors on 1 November 2008 citing personal reasons.〔Jim Babcock quits as B&B continues to struggle () The Australian. (4. November 2008)〕 The company's focus from advisory work to investment management continued until a German bank Bayerische Hypo und Vereinsbank invested US$120 million in return for a 20% stake. It used those funds and third-party funds they raised from clients to invest directly in a wide variety of investments, as both co-investor and principal. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Babcock & Brown」の詳細全文を読む スポンサード リンク
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