Mirus advises DBM Japan on sale of Novations Group
Boston, MA – August 28, 2006 – Mirus Capital Advisors announced Tuesday that the firm has advised Drake Beam Morin-Japan (DBMJ) on the successful sale of its U.S. subsidiary Novations Group to MCG Global LLC together with company management. Novations Group Inc. is a human capital training business that was acquired by Drake Beam Morin-Japan (DBMJ) in 2003.
MCG Global, based in Westport, Conn., said in a statement it had teamed with members of senior management to acquire Novations. Mike Hyter will remain as Novations’ president and assume the post of CEO. He and other members of senior management will now have an ownership stake in the company. “To successfully complete our management buy‐out… I was hoping to work with an
advisor who would be mindful of our interests, and [Mirus Capital Advisors] customer service style exceeded my expectations,” said Hyter when asked about the transaction process.
About Mirus Capital Advisors
Mirus Capital Advisors provides investment banking solutions to corporate clients in human capital management, technology, business services, and manufacturing. 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