Babcock & Brown Company Description
Babcock & Brown is over & out. The investment and advisory firm, which acquired stakes in real estate, infrastructure, and finance ventures in Australasia, Europe, and North America, found itself saddled with more than $3 billion in debt in 2009. The company was placed in voluntary administration that year and later delisted from the Australian Stock Exchange. Primary subsidiary Babcock & Brown International took responsibility for selling off the group's assets and winding down operations, a task it expects to take approximately three years.
View the Comprehensive Company Description for Babcock & Brown
The Company Description provides a historical perspective of Babcock & Brown's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Babcock & Brown's evolution in the marketplace.
