Gerova Financial Group (PINK:GVFG)

Formed via a Blank Check business combination Asia Special Situation Acquisition Corp:

• Two profitable specialty reinsurance companies engaged in the reinsurance of life insurance and property and casualty insurance and the business of investment management with total post transaction assets of approximately $1.5 billion
  
• A simultaneous all-stock acquisition of approximately $650.0 million of assets from two hedge funds principally consisting of performing, non-real estate senior secured commercial loans
  

Note: Not an Asian firm

Last updated April 30, 2008