Novacap to acquire Dialogic for $35.3 mln
Dialogic Inc (OTCQB: DLGC) has agreed to be bought by Novacap TMT IV LP, a fund managed by Canadian mid-market private equity firm Novacap. The acquisition, which has been approved by Dialogic's board of directors, involves a cash consideration of US$35.3 million, to be divided among the company's investors, including U.S. alternative investment firm Tennenbaum Capital Partners. The deal is expected to be closed in the fourth quarter of 2014. Based in Parsippany, New Jersey, Dialogics is a communications technology business. Novacap TMT IV LP, which invests in technology, media and telecommunications companies, raised $375 million in its final close earlier this year.
14 October 2014•8 mins read
