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Dr. Panton has served as chairman, director and/or observer for 20+ platform companies with revenues of between $5 million and $250 million dollars. On returning to Jamaica in 1999, she became a communications consultant for the Hilton Hotel in New Kingston. A year after Mr. Cruz and Mr. Panton went into business, Mr. Panton married Lisa Hanna, a former Miss Jamaica and Miss World who is now a member of Jamaicas Parliament, in a New York ceremony during which Mr. Cruz gave the toast. When Cruz later reported the financial relationship in 2013, he failed to comply with Senate rules requiring full identification of the holding company and its location, triggering an inquiry by Senate Select Committee on Ethics staff and a second amended disclosure. Atlanta, GA 30305-2918. Days before the Iowa caucuses this year, The Washington Post published an unflattering report on the ill-fated Caribbean investment fund Mr. Panton founded with Mr. Cruz. So motivated is he by his belief "in the passionate pursuit of perfection" (carmaker Lexus' motto) that Panton spends much of his spare time mentoring. On a break during a business trip to Washington last year, David Panton hailed a cab to take him to the Capitol. For Panton, that journey began by flying to Princeton, NJ, from Jamaica at the age of 16, to convince admission officers he deserved a spot, even though he hadn't completed high school a requirement for all applicants to Princeton University. Mr. Cruz called it an oversight. Cruz declined to be interviewed for this article, and a campaign spokesman did not respond to detailed written questions. She returned to her country a year later and was a communications consultant for the Hilton Hotel in New Kingston.[5]. Between 2003 and 2006, David was a Vice President at Mellon Ventures (now Navigation Capital Partners), a $1.4 billion private equity firm, where he focused on growth capital and buyout investments. ", Now you can read the Jamaica Observer ePaper anytime, anywhere. By then, Mr. Panton had established himself in the private equity business in Atlanta where he is the chairman of the Jamaican Chamber of Commerce of Atlanta. He is Chairman of the Jamaican-American Chamber of Commerce of Atlanta, a former member of the Board of the Michael C. Carlos Museum of the Arts, and is a former Trustee of Holy Innocents Episcopal School in Atlanta, GA. David holds a Master Professional Director Certification from the American College of Corporate Directors. The idea was modeled after U.S. private equity companies that made fortunes by using investor dollars to remake underperforming companies. It was the morality of it. He gave the legal maximum donation of $5,000 to Cruzs 2012 U.S. Senate campaign. The couple split up and, in 2009, she published a tell-all book, Letters to Ailan the name of her son with Mr. Panton that offered an at times unflattering portrait of Mr. Panton. Panton invited Cruz and Adam Erlich, a friend and fellow debater, to visit his family on the island and get a behind-the-scenes tour of Jamaicas most powerful institutions, Erlich said. However, Senators are not allowed to receive remuneration for directorships or any other positions outside of their government service. When Cruz was elected the chair of the American Whig-Cliosophic Society, Princeton's elite political club founded by James Madison and Aaron Burr, Panton served as his whip. But ethics experts and Cruzs staff agree that the nature of the relationship Cruz disclosed is unusual. But Pantons personal life was rocky. Topic: Conversation with JamCham's Chairman (Dr. David Panton) Time: Jul 31, 2020 06:00 PM Eastern Time (US and Canada) Join Zoom Meeting https . . He is "very committed" to inspiring change in his home country through capable leadership. Political career:In September 2007, then aged 32, Hanna was elected as the Member of Parliament for St Ann South East. Panton returned to Harvard shortly after Cruz graduated and was elected to lead the Harvard Law Review, becoming the second black person after Barack Obama to hold the position. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. The two were teenagers when they first met, assigned to live in the same freshman dorm at Princeton. Mr. Panton continued on to be a Rhodes scholar at Oxford and joined Mr. Cruz at Harvard Law School, where Mr. Panton, like Barack Obama before him, became president of the Harvard Law Review. It was Integrity 101., Panton said Lalors allegation about the metal company investment was surprising to me. He said the investment was made entirely appropriately and called Lalors complaints about a lack of consultation disingenuous. Panton said he and his partners operated their company with the highest levels of integrity, that it had a strong record of investment and that Lalors complaints were insincere, false and unacceptable.. Panton said he believed the companys position would be improved by having one owner. He is the father of entrepreneur and former Jamaica Labour Party senator, Dr David Panton, one of the co-founders of Generation 2000, a group of young business persons affiliated with the Jamaica Labour Party. The relationship originated with a $6,000 investment Cruz made more than a decade ago in a Jamaican private equity firm founded by his college roommate. Click to reveal Reporter focusing on political enterprise stories and investigations, Investigative reporter focused on the intersection of money and politics in Washington, David Panton, left, with Ted Cruz while they were students at Princeton University. But he become better known back home for ill-fated romances with beauty queens than for his leadership qualities. Cruz and Panton remain close friends. Ted and I just hit it off, Mr. Panton said, adding that his friend schooled him on conservative politics. Hanna and Panton had a son in 2001. Relatable: Ms Hanna shares photographs that give an insight into her private life, including her love of fitness and animals, Harry and Meghan told to 'clear your stuff out and get out', Adorable moment between Kate Middleton and Prince William, Plastic surgeon reveals the one exercise that makes you AGE FASTER, Moment fellow diner serenades Pippa Middleton in London restaurant, Rebel Wilson reveals she was banned from Disneyland for 30 days, Bruce Willis steps out in LA after revealing dementia diagnosis, Missing hiker buried under snow forces arm out to wave to helicopter, Pro-Ukrainian drone lands on Russian spy planes exposing location, Earth's geological past: A Model reveals Earth's surface change, Annoyed motorist takes matters into own hands and punches protesters, Toronto Raptors post cringe-worthy about why girls run the world, 'The Beast' British-built Rolls-Royce appears on Top Gear in 1998. They were best known around campus, and beyond, as debate partners. According to an interview Panton conducted with The New York Times, Panton hoped to one day become the prime minister of Jamaica during his days as a student at Princeton University, where he first met Cruz. [13], In 2015, Hanna successfully lobbied to have Jamaicas Blue and John Crow Mountains declared a UNESCO World Heritage Site. It has been five years since her divorce and, while she says she had a tough time after her divorce, 'time is a great healer'. The ethics committee requires [pdf] full disclosure of all financial holdings including any subsidiary investments held by private equity firms and holding companies. AVCT is a portfolio company of SPAC Opportunity Partners LP. ", Panton also teaches a private equity course once a year at Emory University's Goizueta Business School, where his "magic touch with students makes him very popular," said Klaas Baaks, executive director at the Emory Center for Alternative Investments, who co-teaches the class. The committee requires Senators to provide sufficient information to indicate the locations and nature of the businesses in which they invest. richard.mitchell@gleanerjm.com [8] In addition to her duties as constituency representative she served as opposition spokesperson on Information, Youth and Culture up to December 2011. David Panton is over his left shoulder. A good devils advocate, said Jeffrey Hall, one of the partners at the meeting. The two were on track to help one another become political giants, but Panton's star seemingly fell somewhat short in the wake of scandals that covered Jamaican tabloids when he moved back to the island after college. How did you find out you were the side bae. "I was very determined to get in," he said, simply. Lake is the group chief executive officer of Restaurant Associates Limited, operators of Burger King, Little Caesars and Popeye's in Jamaica. Federal Election Commission records show that Panton wrote a check for $100,000 in November 2014 to his PAC about a third of the groups overall proceeds. Nevertheless, it provided a tidy sum for Cruz. Panton also earned headlines at home in 1999 for his marriage to Lisa Hanna, a scion of another top Jamaican family. He has a son with former Miss Universe, Wendy Fitzwilliam, and another with his ex-wife, former Miss World Lisa Hanna. A member of the opposition People's National Party, Hanna currently serves as Member of Parliament for Saint Ann South East, and was Jamaica's Minister of Youth and Culture from 2012-2016. William and Kate's extra personal touch: Couple's social Kate given the cold shoulder! Having survived the drug-fuelled Seventies, above, playing with his hero Paul McCartney, right, he now gets Christmas cards from Sir Elton Newspapers in English . The end of the contract was a blow to Pantons company. According to Lalor and two of his business associates, the partners were having trouble finding companies in the region with strong-enough financial controls to handle a large infusion of outside capital. Hall, one of the four business partners, recalled that Cruz was particularly concerned that the day go well for his friend. 'The haters have won': Isaiah Washington - who was fired from Grey's Anatomy for gay slur - announces early retirement from acting in lengthy Twitter rant, 'Don't go into the mountains! As the rally began, Erlich recalled that he and Cruz watched in awe as their friend chatted amiably with Edward Seaga, who led the JLP for decades and had served as Jamaicas prime minister. Also learn how She earned most of networth at the age of 45 years old? Win McNamee/Getty Images News/Getty Images, David Panton, one of his former college roommates, win the North American Championship in 1992, became president of the Harvard Law Review, ended in divorce and an international custody battle, Donald Trump's gross mention of his size, the undying hatred of Cruz's other former college roommate, Mazin. Pictured, Panton (left) with Ted Cruz on their graduation, Second husband:In 2017, Hanna married restaurateur Richard Lake, who is 20 years her senior, in a private ceremony in St. Andrew. In 2007, Hanna was elected to the parliamentary seat for St. Ann South East as one of the youngest women to be elected to Jamaica's governing body. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Lalor, who said Pantons sole ownership violated the original terms of the companys contract, moved to sever it immediately. Eventually, he says, he paid capital gains on the profits, using a $6,000 basis for the calculation. In addition to her duties as constituency representative she served as opposition spokesperson on Information, Youth and Culture up to December 2011. Now a major playmaker in his friends quest for the White House The Jamaica Observer wrote last year, for Mr. Panton the possibility now exists that one of Jamaicas brightest sons could be a close friend to the most powerful human being on earth., In College Roommate David Panton, Ted Cruz Finds Unwavering Support, https://www.nytimes.com/2016/04/24/us/politics/ted-cruz-college-roommate.html. Mr. Cruz put $6,000 into the firm, and ultimately left with $25,000 in cash and a $75,000 promissory note from Mr. Panton that Mr. Cruz had never cashed in. Panton joined Cruz and his family on a scandal-stricken vacation last year as the senator's home state of Texas was hit by a devastating storm. For Panton, that . At 47 years old, Lisa Hanna height Upon meeting Panton, what immediately strikes people is his breadth of knowledge on what feels like everything. Panton accepted, and flew to Mexico. Annual filings are required by Jamaican law, according to officials at the Ministry of Industry, Investment and Commerce. First husband: In 1999, Lisa married David Panton, who is now a partner at Navigation Capital Partners, a private equity firm. 2023 BDG Media, Inc. All rights reserved. Hanna and Panton had a son in 2001. The pair bonded over their shared conservative politics - Panton at one point reportedly had aspirations to become President of Jamaica - and went on to room at Harvard Law School.

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