0
Wireless

One Equity Partners to own 25.55% stake in Inside Secure after early redemption of bonds

Monday 11 March 2019 | 10:09 CET | News
One Equity Partners (OEP) will hold a 25.55 percent stake in Inside Secure as of 01 April, becoming the largest minority shareholder in the company. The equity firm has opted for the early redemption of bonds worth EUR 30 million, part of the EUR 52 million equity issue relating to Inside Secure's acquisition of Verimatrix. Under the transaction, 21,651,191 newly issued shares of Inside Secure will be allocated to OEP, which has undertaken to keep all the new shares until 28 January 2020.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Inside Secure / Verimatrix
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Inside Secure returns to revenue growth in Q1

Published 18 Apr 2019 11:09 CET | World
Inside Secure reported its first financial results incorporating Verimatrix, consolidated since 01 March. The company posted ...

Inside Secure posts 25% fall in FY EBITDA, targets improved EBITDA margin

Published 07 Mar 2019 10:22 CET | World
Inside Secure has reported full-year EBITDA of USD 6.6 million, down 25 percent on 2017. The result was marginally better than ...

Inside Secure aims to complete takeover of Verimatrix in February

Published 22 Jan 2019 11:05 CET | World
Inside Secure has received approval from shareholders to launch the equity transactions linked to its planned takeover of ...

Inside Secure agrees takeover of Verimatrix for USD 143 mln

Published 05 Dec 2018 18:04 CET | World
Inside Secure announced an agreement to acquire Verimatrix, more than doubling its size and expanding its security portfolio ...