Golisano Investment Firm Invests $100 Million Into Kodak

Paychex founder Tom Golisano recently invested 100 million into Eastman Kodak Co. through an investment firm that he personally founded, called Grand Oaks Capital.

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According to a prediction by George Conboy, the chairman of the Brighton Securities investment company, the $100 million will probably guarantee Golisano a seat on the board of directors at Kodak.

In addition to the Golisano money, Kodak also announced that it received investments by Kennedy Lewis Investment Management LLC, which includes an initial $225 million term loan.

Kodak says that it will be using the money to invest in its core elements: print and chemicals.

Source:
Democrat & Chronicle