PGC says receivership of Torchlight 'shell' is being challenged
Duncan Bridgeman Thu, 12 Jun 2014
Pyne Gould Corporation says it is challenging the receivership of Torchlight Fund No.1 LP, a private equity vehicle-turned “shell” company previously managed by PGC.
NBR OLINE reported this morning that receivers from McGrathNicol were appointed to the limited partnership on June 10.