NorthWest Biotherapeutics Inc (NWBO)

[sentiment_stocks]

DEEP CAPTURE: Looks to be Ondra has a history with DEEP CAPTURE.

After Flipper posted the link between Katherine Wolf and Ondra, I thought I'd see what a little digging would do on some of the other partners.

Michael Baldock
Baldock is a managing and one of the founding partners of Ondra.

First, it appears that out of Harvard, Baldock worked with Drexel Turnham for Michael Milken. From the following PR:

http://www.prnewswire.com/news-releases/bentley-health-care-appoints-michael-baldock-sbc-warburg-health-managing-director-as-executive-vice-president-and-chief-strategic-0fficer-77379402.html

Prior to joining Warburg, he was in the mergers and acquisitions department at Drexel Burnham Lambert. He is a 1986 graduate of Harvard College.

DEEP CAPTURE lists seven...

colorful hedge funds that bought Dendreon’s convertible bonds.

from Deep Capture...
It was Milken’s network — some of the hedge funds that bought the convertible bonds, some of the seven hedge funds that were betting big against Dendron in 2007 — have, as a group, recently become the company’s largest shareholders. The hedge funds are:

1. DKR Management
2. Eagle Rock Capital
3. GLG Partners
4. UBS O’Conner
5. Quattro Partners - look, who's that?
6. Forest Investment Management
7. CNH Partners

Here is the deep capture link:
https://www.deepcapture.com/tag/michael-baldock/


Here is the section describing Michael Baldock's role in that story.

Then there was Quattro Partners, which bought Dendreon bonds convertible into a more than a million Dendreon shares. The founding partner of Quattro is named Michael Baldock. He had a long career in biotech investing after spending time as an investment banker at Michael Milken’s Drexel Burnham Lambert.

Later, I will show you how Quattro morphed into Ondra.

Some time after SG Warburg, Baldock went to work for HSBC. He worked there at the same time as Katherine Wolf worked there.

Baldock worked there from July 2004 to November 2007.
http://www.zoominfo.com/p/Michael-Baldock/259673762

Wolf worked there from 2005 to 2008.
https://www.linkedin.com/in/wolfkatherine

Now the following link shows that Michael Baldock set up Quattro Partners in January 22, 2009 and cancelled it in August 2009. It was located in Stamford, CT.
http://www.connecticutcompanieslist.com/covy-quattro-partners-llc.html

Michael Tory
Tory is also a founding partner with Ondra.

The following story shows how Ondra (also known as Quattro) was set up about a month after September 14, 2008, when Michael Tory woke up to find Lehman Bros. was dust and he was out of a job.
http://www.theglobeandmail.com/report-on-business/careers/careers-leadership/michael-tory-from-lehmans-ashes-a-banker-is-reborn/article6400702/

and...

Within a month, Mr. Tory had launched a firm called Quattro Partners, since recast as Ondra Partners, which he tailored to the harsh new reality of the post-Lehman world. It would be a pure advisory firm, making it rare, perhaps unique, in London’s cluttered investment banking industry, where the transaction – and the typically fat fee that goes with it – utterly dominates the business model. In the deliciously brutal argot of the street, this is known as “eat what you kill.”

Hmmm... is Ondra really not following that adage?

Tory also seems to make a habit of encouraging that Neil Woodford make his letters as a major share holder public. From the same link:

In October, Ondra played a role in the collapse of the proposed £28-billion ($45.5-billion) merger of BAE Systems, Britain’s main defence company, and EADS, the European defence and aerospace colossus that owns Airbus. Working for Invesco Perpetual, the biggest shareholder of BAE, Ondra strongly influenced the Invesco letter, which went public, that concluded the deal was so politically charged that it would in essence make BAE a plaything of the German and French governments.

The one connection I can't seem to make is how Michael Baldock bought convertible bonds in 2007 with Quattro, as it seems the actual business was set up in October 2008, and then filed in January 2009. He was with HSBC until November 2007.

Perhaps he was working on his own in 2007 as he planned to exit HSBC and bought the convertible bonds then, and then transferred them to Quattro. I really am not sure though.

Now Baldock and Tory both worked for SG Warburg at the same time.

Along with another good friend.

Simon Dingmans
[img]Some will ask, who is that?
[/img]Why he is the CFO for Glaxo Smith Kline.

In fact, Dingman attended Ondra's second anniversary party and the moment was captured by London's Financial Times. The article is a bit difficult to bring up so I'll post it here.
http://www.ft.com/intl/cms/s/0/2707c5b8-d8bc-11df-8430-00144feabdc0.html#axzz3tlMm4Tn3

October 16, 2010 4:54 am

Revivalist bankers
By Emiliya Mychasuk

Independent financial advisory firm Ondra, formed out of the ashes of Lehman Brothers, celebrates its second anniversary.

Several bankers enjoying a renaissance gathered at the old Stock Exchange building midweek, including soon-to-be GSK finance director Simon Dingemans and new HSBC chief Stuart Gulliver and chairman Doug Flint.

The occasion was the second anniversary of independent financial advisory firm Ondra, formed out of the ashes of Lehman Brothers.

Growing to a staff of 40, with offices in Stanford (sic) and Paris, the firm has come a long way from the serviced offices occupied by Lehman alumni Michael Tory and Benoit d’Angelin, along with ex-HSBC banker Michael Baldock in the US.

It was a reunion of sorts for Messrs Tory, Baldock and Dingemans, who worked together in the 80s at Warburg.

Also boasting her own start-up was Ondra adviser and former Morgan Stanley executive, Zoe Cruz, who has established hedge fund manager Voras Capital.

She joined the low-key drinks to toast Ondra’s progress – marked by its hiring this week of its 11th partner, Eric Aouani, a Casablanca-born North Africa expert – along with The Economist Group chief executive Andrew Rashbass and Vodafone senior director John Buchanan.

So, there are some interesting "international" connections and associations going on here.

The question I have is did Neil Woodford know of these connections when he recommended Ondra, or did Ondra play him?

There may have been some things he didn't know about Ondra, either.

And the NWBO story marches on.

And after the revisions to the Ondra website that DoGood noted earlier, I wonder how long all of these links will remain up and accessible?