Cartesian Wants E. Oliver Founder On Hook For $45M Loan

Law360, New York (April 12, 2012, 8:39 PM EDT) -- A fund affiliated with private equity firm Cartesian Capital Group LLC told a New York state appeals court Thursday that the founder of E. Oliver Capital Group LLC is personally liable for a $45 million loan the fund made to a telecom company.

Poah One Acquisition Holding V Ltd., a fund affiliated with Cartesian, alleged that E. Oliver Capital Group LLC founder Gilbert R. Armenta had defaulted on a loan, which he'd personally guaranteed to another one of his companies, Caribbean wireless telecom MIO Group Ltd....
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