Hollywood’s Jon Adgemis scores another courtroom cameo
Sweet dreams are over for the film producer – who has shown this country the true potential of private credit as an asset class – with reality closing in.
Jon Adgemis – helicopter passenger, Hollywood film producer, former KPMG dealmaker and embattled publican – was hoping things would quieten down.
It has been a bruising few months at his Public Hospitality business, groaning under hundreds of millions of dollars in debt. Then, in May, Adgemis’ firm avoided ruin by convincing Deutsche Bank, US private credit group Muzinich, and opportunistic credit investor Ben Madsen’s Archibald Capital to refinance part of the operation.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
