Stephen L. Norris

Stephen L. Norris

Stephen L. Norris is one of the co-founders of The Carlyle Group, an American private equity firm and currently the Chairman of Stephen Norris Capital Partners. He is a former member of the Federal Retirement Thrift Investment Board, having being appointed by George H. W. Bush in 1990. [cite web|url=http://deseretnews.com/dn/view/0,1249,695253189,00.html|title=SCO Group plans to go private with $100 million investment|accessdate=2008-03-06|publisher=Deseret Morning News]

Corporate career

Stephen L. Norris and his Utah partner, Mark Robbins, were subject to a Utah civil complaint filed by his former partners GMG Capital, however Norris was dismissed from the case for lack of jurisdiction. [ [http://scofacts.org/nefomatic-test-GMG-vs-Robbins.html GMG Capital Investments v. Robbins et al, 2:06-cv-876 (utd) (nefomatic case page) ] ]

Both Norris and Robbins announced an MOU with the SCO Group to purchase a controlling interest in SCO for $5 million and the promise of a loan of up to $95 million to fund bankruptcy obligations, future appeal bonds, penalties and litigation expenses. [ [http://ir.sco.com/releasedetail.cfm?ReleaseID=294412 The SCO Group | Investor Relations | The SCO Group Announces Reorganization Plan to Include $100 Million Financing by Stephen Norris Capital Partners] ]

References


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