The Baupost Group, MFN Partners, Sculptor Capital Management, Mason Capital Management, First Pacific Advisors and Invesco completed a $560m investment in McDermott.

Investors The Baupost Group, MFN Partners, Sculptor Capital Management, Mason Capital Management, First Pacific Advisors and Invesco completed a $560m investment in McDermott, an American, Panamanian-domiciled multinational engineering, procurement, construction and installation company. "With the completion of the capital raise, McDermott has recapitalized its business with the support of its investors. This additional capital solidifies our liquidity position and allows us to continue delivering superior project execution for our customers and pursue new growth opportunities. We want to thank our investors for the confidence they have in McDermott and its business model and our customers for their continued support," David Dickson, McDermott President and CEO.