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Blackwater Founder in Deal to Sell Company
by ANDREW ROSS SORKIN and BEN PROTESS
........Erik D. Prince, founder of the private security firm formerly known as Blackwater Worldwide, has reached a deal to sell his embattled firm to a small group of investors based in Los Angeles who have close ties to Mr. Prince, according to people briefed on the deal...........
.......................One of the lead investors in the deal is Jason DeYonker of Forté Capital Advisors, who has a long relationship with Mr. Prince and Blackwater. He helped advise Mr. Prince in his development of Blackwater’s business plan when the company was founded and helped negotiate the company’s first training contracts with United States government agencies and the company’s expansion of its training center in Moyock, N.C. In addition, he managed the Prince family’s money from 1998 to 2002. The other lead investor is Manhattan Growth Partners, a private equity firm in New York.......
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