Robert McKeon, the head of Veritas Capital, is about to profit in “the most lucrative deal of the wars in Iraq and Afghanistan” notes the Street Talk blog at Forbes. How did McKeon do it? By investing in private military contracting mercenaries, of course! Now the DynCorp owner is set to cash out his wartime investment.
DynCorp International, the… provider of services to the U.S. military, announced Monday that it has reached a $1.5 billion deal to be acquired by funds managed by Cerberus Capital Management. If the deal goes through, McKeon will have turned a $48 million personal investment in DynCorp into some $320 million for himself.
Ka-ching!
Street Talk describes the DynCorp deal as a “defining transaction for McKeon”. So, is McKeon the definition of a Wall Street war profiteer?