I recently saw this article in BIZNOW, a London based newsletter, and found it quite interesting. It seems that London’s Clermont Club, where the financial concept of “asset stripping” (which later became the foundation for the private equity industry) was born, was recently purchased by Mayfair Casinos Limited. If you are interested in learning more about the birthplace of private equity, just click the button below.

https://www.bisnow.com/london/news/hotel/the-casino-where-private-equity-was-dreamed-up-has-been-sold-98816