Mirus advises Stonebridge on Recapitalization
Stonebridge, Canaan Partners Agree on Management Buy-Out
Houston, Texas, October 2001 – Stonebridge Technologies has announced a deal to reorganize the business with an investment from management and the support of the Company’s original investors, Canaan Partners. Terms of the deal include the conversion of a $1.8 million dollar note into equity, and Canaan taking a minority interest in the business.
Mirus Capital Advisors represented Stonebridge in the transaction.
About Stonebridge Technologies
Founded in 1995, Stonebridge is an IT consulting and systems integration services company with operations in Oklahoma and Texas. Stonebridge solves business problems caused by data management and data integration issues that negatively impact performance, corporate governance, workflow effectiveness, and business continuity. Core competencies include business intelligence, content management, custom development, database services, and oil and gas industry solutions.
About Mirus Capital Advisors
Mirus Capital Advisors provides investment banking solutions to corporate clients in technology, business services, manufacturing, consumer products, 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