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Family members of Robert McKeon, the late founder of Veritas Capital, claim in a new lawsuit they are entitled to some of the money the PE firm received from Dyal Capital last year.
The McKeons said Dyal paid $725 million and loaned $200 million in exchange for 11.79% of Veritas.
They allege the deal structure reduced their payout and claim Veritas s principals used the $200 million loan to pay themselves.
Dyal Capital Partners invested and lent a total of $925 million to private-equity firm Veritas Capital last year in a deal structured in a way that disadvantaged the family of its late founder, according to claims in a new lawsuit.