Cerberus to buy 3i Infotech's Billing and Payments Unit--UPDATED
Cerberus Capital Management has agreed to buy the global billing and payments unit of 3i Infotech. The deal includes the Regulus Group and J&B Software owned by 3i Infotech. Cerberus said it is paying $137 million. The transaction is expected to close in 60 days. Raymond James & Associates provided financial advice to 3i Infotech while Alvarez & Marsal provided accounting advice.
16 May 2011•3 mins read
