Cronus Partners Pleased to Announce Transforming Transaction for Resolute Partners LLC.NORWALK, Conn. -- Cronus Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Cronus Partners") is pleased to announce the leveraged recapitalization Leveraged Recapitalization A strategy where a company takes on significant additional debt with the purpose of either paying a large dividend or repurchasing shares. The result is a far more financially leveraged company. Notes: This is often used in risk arbitrage. of Resolute Partners LLC ("Resolute") in a transaction enabling the current management of Resolute to acquire a controlling interesting controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in the business. Cronus Partners acted as the exclusive financial advisor to Resolute. The recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. was structured with a Senior Secured Credit Facility from Manufacturers and Traders Trust Company. Headquartered in Southington, CT, Resolute has been providing internet connectivity and computer-based recreation services to U.S. military personnel and their dependents worldwide for more than a decade, including combat areas in the Middle East and Iraq. Resolute will focus on continuing to expand its core computer-based services and Internet technology business and will explore other opportunities within the government and military markets. About Cronus Partners Advising on mergers, acquisitions, divestitures, sales, and private placement financings, Cronus is an independent investment banking firm that provides financial and strategic advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . The clients of the firm are publicly traded or privately owned companies that engage in middle-market transactions domestically or internationally. To learn more, please visit www.CronusPartners.com. |
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