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Michel described Leder as being a relentless optimist who works all hours, but finds time for his children.
Leder has also followed in the footsteps of other prominent private equity executives such as Blackstone Group LP’s Stephen Schwarzman by drawing attention for his lavish parties and lifestyle.
Controversy has plagued Leder of late. His private equity firm is one of those being investigated by the New York state attorney general for potential tax dodging, a source familiar with the matter told Reuters earlier this month.
A father of two daughters and one son, Leder divorced his wife of 22 years in 2009 after she cheated on him with their children’s 23-year-old tennis coach, according to court papers filed by Leder’s lawyer in their divorce proceedings.
His ex-wife, Lisa, did not immediately return a phone call seeking comment. A lawyer for her did not respond to a request for comment.
Leder’s ex-wife described him in a 2009 divorce filing as a very successful private equity investor with “enormous annual income.”
The Leders “enjoy a very high standard of living including multiple multi-million dollar homes, private jet travel and other luxuries,” said the divorce petition, which was filed by his ex-wife’s lawyer and included a request the court determine how their assets should be distributed.
Lawyers for both argued over the value of the couple’s estate at the time. An attorney for Lisa Leder put the couple’s marital estate at $400 million, while a lawyer representing Marc Leder said the value stood at more than $100 million.
The issue was at the center of a months-long legal battle as Leder’s ex-wife sought documents and other testimony to determine the value of Sun Capital and Leder’s stake in the firm.
Court documents filed by both of their lawyers and a transcript of a June 2009 court hearing depicted a lavish lifestyle that included a 10,000-square-foot mansion in Boca Raton, Florida, a family vacation house in the ski resort town of Stowe, Vermont, personal staff and a Sun Capital employee responsible for paying the family’s bills.