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Someone With Deep Pockets
Just Helped Xerox Buy Lexmark With a $250 Million Loan.
Think Darwin Deason was done with Xerox after the Fujifilm saga? Think again. The former Xerox kingmaker is back, and this time, he’s not just holding shares—he’s lending money. Deason’s private fund, DCS Finance, LLC, just committed $250 million in unsecured debt to help Xerox fund its $1.5 billion Lexmark acquisition (which, let’s be honest, no one quite understands).Why the move? Deason’s not just a shareholder anymore. He’s now a major lender with leverage. And with his long-time ally, Scott Letier, still chairing Xerox’s Finance Committee, the stage is set for some serious boardroom maneuvering.
If the Lexmark deal tanks or Xerox’s Q2 numbers disappoint, Deason has a clear playbook: pull the ripcord on management, take over the board, and break up Xerox for parts. If it works, he wins as both a creditor and a shareholder. Looks like Deason’s got Xerox in his sights again—and this time, he’s playing for keeps.
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