December 8, 1988 |
Donald P. Kelly, former chairman of Beatrice Co. and a near-legendary deal maker, has formed a new limited partnership designed to acquire businesses that can be bought for as much as $1 billion. The investment firm Salomon Inc. will be a permanent partner to D. P. Kelly & Associates, arranging financing and finding investors for Kelly's new pursuits, Kelly said Tuesday. "We provide the managerial skills," Kelly said. "We don't have to worry about where we're going to get the equity.