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Wilbur Ross




Wilbur L. Ross, Jr. is an American Investor known for restructuring failed companies in industries such as Steel , Coal , Telecommunications . Foreign Investment and Textiles . He specializes in Leveraged Buyout s. In 2005, Forbes magazine listed Ross as one of the world's billionaires for the first time. 1



INTERNATIONAL COAL GROUP

Ross founded the International Coal Group , which has now gone public. His relationship with the UMWA has not been friendly; they have bitterly protested the bankruptcy regulations that had allowed him to set up the International Coal Group free of Labor Unions , Health Care and Pensions .


SAGO MINE DISASTER





ROTHCHILD INVESTMENTS, LLC



WL ROSS & CO, LLC



INTERNATIONAL STEEL GROUP




INTERNATIONAL TEXTILE GROUP (ITG)

Ross combined Burlington Industries and Cone Mills in 2004 to form International Textile Group. ITG operates five businesses, all of which operate under separate brand names: Cone Denim, Burlington Apparel Fabrics, Home Furnishings, Carlisle Finishing and Nano-Tex LLC. The company entered into a five-year, $150 million credit facility led by Bank of America. Other lenders in the bank group include GE Capital Corporation and The CIT Group. Corporate offices are located in Greensboro in the previous Cone Mills headquarters building and in an adjacent office complex. 7


INTERNATIONAL AUTO COMPONENTS GROUP (IAC)


Collins & Aikman Europe

On November 28 , 2005 the joint venture by Ross, Franklin Mutual Advisers LLC, and Lear Corporation, announced an agreement to acquire from Collins & Aikman Europe ("C&A") its $600 million operations in Austria, Belgium, Czech Republic, Germany, Netherlands, Slovakia, Spain, Sweden, and the United Kingdom serving Ford, General Motors, DaimlerChrysler, Porsche, Saab, Volkswagen, Volvo and other original equipment manufacturers. The exchange is subject to approval of the local insolvency authority and the Austrian Court.