CVC was doing due dilegence on Stella before the collapse of MFS. This DD process would have shown these guys how the business was travelling (sorry for the pun)
They then got to buy 65% at what everyone thought was a discount price.
Then they made claim that business had not performed but as we have seen profits can be manipulated up or down. How do we know the profit wasnt reduced by massive writedown of values.
Make the claim and then get to buy the rest really cheaply by agreeing to stop claim.
Liquidator doesnt really care as there is plenty of cash to pay their fee's as they are first in line.
Something doesnt smell right here. As usual the small guys get screwed.
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cvc completely takes over stella , page-6
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