![]() The Special Committee pursued this option after a review with their advisors of the Company’s strategic alternatives, and the Special Committee and the Board recommend that the Company’s stockholders vote in favor of the proposed transaction.” In addition, the transaction agreements include a robust ‘go-shop’ provision and a low termination fee structure. ![]() John Dirks, Chairman of the Special Committee stated, “We are pleased to have successfully negotiated a transaction that includes an attractive upfront premium for Quest’s shareholders, an all-cash deal that would eliminate ongoing execution risk following a transaction, and that compares favorably with Quest’s standalone alternatives. The purchase price represents a 19-percent premium to the closing price on March 8, 2012. (Aliso Viejo, CA., USA) have announced that it had entered into definitive agreements with affiliates of Insight Venture Partners (New York, NY, USA), under which stockholders not affiliated with the buyout group would receive $23.00 per share in cash, valuing the Company at approximately $2.0 billion. The shares of Chairman and CEO Vinny Smith, who will continue to lead the Company after the closing of the proposed transaction, will be “rolled over” into the surviving privately owned entity. Since leaving in 2008, Arndt has placed his emphasis on advising financial investors and mid-size companies in all phases of a transaction.Quest enter into agreement with Insight Ventures ![]() After several years as a board member of Sapient, Arndt became a Board Member of T-Systems and soon thereafter the Chief Strategy Officer at Deutsche Telekom, where he was responsible for both the group’s strategy development as well as portfolio management. In 2000, he founded a technology investment and consulting firm together with two partners, which he later successfully sold to Sapient Corp., a NASDAQ listed technology corporation based in Cambridge, USA. He started his professional career in 1994 with Boston Consulting Group, having completed his studies of business administration at WHU – Otto Beisheim School of Management and at Georgetown University. His special expertise is in transactions and in corporate finance as well as in strategy development and implementation, particularly in the TMT industry. He has long-standing experience in advising financial investors and their portfolios, but also mid-size companies and corporations. Arndt is the founder and Managing Partner of Rautenberg & Company. Mark holds a BA (Economics) from Cambridge University (UK).Īrndt started working with Arcus’ telecom origination team as an independent industry advisor in 2017, assessing specific opportunities in the Telecoms industry. At Haitong, China’s second largest investment bank, Mark ran the UK M&A team and advised on various renewables projects in Scotland, particularly around capital structure optimisation. ![]() In 2014 Mark joined Renshaw Bay, a structured credit hedge fund, and latterly looked at mezzanine lending opportunities in renewables space in the UK. Mark worked on the risk management of Eircom (Babcock and Brown) and the public to private of Forth Ports. In the derivatives team, also at JPMorgan, Mark ran the risk management group covering the bank’s private equity and infrastructure clients and latterly ran risk management for all UK corporate clients across rates, FX, equities and inflation. Mark started his career at JPMorgan where he worked in UK M&A and was part of the team advising and executing the merger between Lattice and National Grid. During his career Mark has held a wide range of infrastructure financing service roles.
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