Word: charlesbankã
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...stores in North America. According to court documents, a 1997 shareholder agreement signed by the two parties granted Blinds to Go the right to buy back Harvard’s shares if Harvard tried to sell them to a non-Harvard affiliate. In 2001, Harvard transferred its stake to Charlesbank??€”a for-profit private equity firm founded by former employees of the Harvard Management Company—under the assumption that it was an affiliate of the University. Shortly after gaining control of the stake, Charlesbank attempted to invoke a clause in the original purchase agreement to force...
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