Mirus Capital AdvisorsMirus Capital Advisors

Globalware Solutions Inc raises $30 million from Mezzanine Management Fund III

GlobalWare-Mezzanine

BOSTON, MA December 17, 2001 – GlobalWare Solutions recently closed a $30 million equity financing, advised by Alan Fullerton. GlobalWare is a leading global provider of software contract manufacturing and e-market solutions, based in Haverhill, MA. The purchaser of the securities was Mezzanine Management Fund III, one of Europe’s largest private equity funds. GlobalWare intends to use the proceeds of the transaction to finance working capital, as well as to make strategic acquisitions in a consolidating industry.

“After researching several investment banking firms, (Alan Fullerton’s group) became our obvious choice,” said Jim Bartlett, CEO of GlobalWare. “They demonstrated a clear understanding of our business to identify the most appropriate equity firm.”

“Now that we have worked with (Alan) and successfully completed our equity round, we are even more impressed,” said Maria Muise, GlobalWare’s CFO.

Allan Fullerton, the investment banker who worked on the transaction, praised the vision of James Bartlett, GlobalWare Solutions CEO. “Jim and his team have grown GlobalWare Solutions to a lead position in high-value outsourced services for the software and electronics industry.”

GlobalWare Solutions customers include some of the world’s technological leaders, including Sun Microsystems, Nortel, Lucent, Avaya, U.S. Robotics, and many others. The company works with hardware and software OEMs to manage their value chain services, which include new product releases, content management, software manufacturing, fulfillment, distribution, and reverse logistics. GlobalWare also teams up with companies in the rapidly growing electronics manufacturing services industry to provide a complete outsourced solution for hardware-software products. The Company’s e-market solutions include digital collaboration tools, web store development, and vertically integrated manufacturing and fulfillment services.

About Mezzanine Management LLC

Mezzanine Management LLC, founded as Europe’s first mezzanine fund, provides a full range of junior capital solutions, including equity and subordinated debt financing, to growth-oriented middle-market companies. Mezzanine Management LLC is currently investing its third fund, a $525 million fund that closed in July 2000, targeting a broad range of manufacturing and business service industries serving the North American and European markets. For more information, contact Bradley Jay at Mezzanine Management LLC, 333 Ludlow Street, North Tower, Stamford, CT 06902.

About GlobalWare Solutions

Headquartered in Haverhill, Mass., GlobalWare Solutions provides global software contract manufacturing, digital content management, and e-market solutions for the world’s technological leaders. The Company works with hardware and software OEMs to manage their value chain services which include new product release, content management, software manufacturing, fulfillment, distribution, and reverse logistics. GlobalWare Solutions also teams up with companies in the rapidly growing electronics manufacturing services (“EMS”) industry to provide a complete outsourced solution for hardware-software products. The Company’s e-market solutions include digital collaboration tools, web store development, and vertically integrated manufacturing and fulfillment services. GlobalWare’s Digital Content Management services provide management of client information across enterprises. Content is securely submitted, validated, tagged, cataloged, wrapped, managed, and stored within the GlobalContent system. This enables valuable information to be searchable and accessible from anywhere within the enterprise or via the Internet. For more information, visit www.GlobalWareSolutions.com.

About Mirus Capital Advisors

Mirus Capital Advisors provides investment banking solutions to corporate clients in technology, business services, manufacturing, consumer prroducts, health care, and the resort & hospitality industry. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations, and valuations. For additional information, visit www.merger.com.

Back to Transactions