International Equity Investments, Inc. v. Opportunity Equity Partners Ltd.

MEMORANDUM OPINION

KAPLAN, District Judge.

In the late 1990s, Citibank, N.A. (“Citibank”), International Equity Investments, Inc. (“IEII”), a wholly-owned subsidiary of Citibank, and Opportunity Equity Partners, Ltd. (“Opportunity Equity” 1 ), an entity controlled by Daniel Valente Dantas, formed CVC/Opportunity Equity Partners, L.P. (the “CVC Fund”), a Cayman Islands exempted limited liability partnership. Under the limited partnership agreement, IEII was the sole limited partner and provided the entire $728 million capital investment. 2 Opportunity Equity was the sole general partner.

Conflicts…