Olshan Represents ModusLink Global Solutions, Inc. in Acquisition of IWCO Direct
Olshan represented client ModusLink Global Solutions, Inc. in connection with the financing for its $476 million acquisition of IWCO Direct, a leading provider of data-driven market solutions. The financing consisted of a $393 million term loan facility and a $25 million revolving credit facility with Cerberus Business Finance, LLC. The remaining purchase price was funded through cash on hand. In addition, ModusLink raised $35 million through the issuance of newly created Series C convertible preferred stock. The Olshan team who represented ModusLink included Steve Wolosky, Ken Schlesinger, Jason Saltsberg and Claudia Dubon. Law360 highlighted the ModusLink acquisition of IWCO Direct in its feature "Don't Miss It: Hot Deals & Firms We're Following This Week."
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