Novacap closes $35.3 million acquisition of Dialogic
Novacap TMT IV LP, a fund managed by Canadian private equity firm Novacap, has completed its previously announced buy of Dialogics Inc, a U.S. communications technology provider. The purchase price, totaling US$35.3 million, included a US$24.1 million payment to U.S. alternative investment firm Tennenbaum Capital Partners in exchange for around US$78.3 million of term loan debt, which will subsequently be cancelled and removed from Dialogic’s capital structure. With the deal's close, the company's shares will no longer trade on the OTCQB exchange. Novacap TMT IV LP raised $375 million in its final close in May 2014.
24 November 2014•5 mins read
