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FOR IMMEDIATE RELEASE Cronus Partners LLC Pleased to Announce Transforming Transaction for Resolute Partners LLCNorwalk, CT – September 5, 2007. Cronus Partners LLC is pleased to announce the leveraged recapitalization of Resolute Partners LLC (“Resolute”) in a transaction enabling the current management of Resolute to acquire a controlling interest in the business. Cronus Partners acted as the exclusive financial advisor to Resolute. The recapitalization 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. The clients of the firm are publicly traded or privately owned companies that engage in middle-market transactions domestically or internationally. For further information please contact:
Cronus Partners LLC |
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