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Shattan Mendel Enterprises Arrange Financing for Acquisition of Telecom Services Company - Thomas Shattan and Gregory Mendel are pleased to announce that they arranged financing for the recent acquisition of Global Connection Inc. of America by two Private Equity Firms -- L6 Holdings Corporation and Milestone Partners
Shattan Mendel Enterprises Arrange Financing for Acquisition of Telecom Services Company

 

NewswireToday - /newswire/ - New York, NY, United States, 2008/09/05 - Thomas Shattan and Gregory Mendel are pleased to announce that they arranged financing for the recent acquisition of Global Connection Inc. of America by two Private Equity Firms -- L6 Holdings Corporation and Milestone Partners.

   
 
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In the Spring of 2008, when Dan Lonergan, Managing Partner of L6 Holdings, a firm which invests in direct marketing and business services companies, identified Global as an attractive acquisition opportunity, and was looking for a like-minded capital partner, he turned to Shattan and Mendel for guidance and assistance. They quickly identified Milestone Partners as an ideal partner. Milestone Partners is a lower middle market private equity group, currently investing out of Milestone Partners III, which specializes in recapitalizing family owned businesses. Shortly thereafter, the two firms sponsored the acquisition, together with Global’s Chief Executive Officer.

"Because Shattan and Mendel are so experienced in this marketplace, they knew exactly what to do quickly, and delivered me a value-added partner," said Lonergan.

Global Connection is a leading direct marketer of prepaid wireline home phone services, primarily for low-income consumers with poor credit. Based in Atlanta, Global serves over 30,000 customers and is licensed as a competitive local exchange carrier (CLEC) in 31 states. Global distributes its products through approximately 1,700 grocery chain locations and over 1,100 other payment centers, such as check cashers.

About Shattan Mendel Enterprises

Tom Shattan and Greg Mendel (shattanmendel.com) are Co-Chairmen of Shattan Mendel Enterprises, a NYC-based Merchant Banking Firm that invests in, and advises middle market companies, Private Equity Funds and Fundless Equity Sponsors. With a track record of successfully completing over 100 Private Equity transactions, and an extensive network of relationships with sources of capital, Shattan and Mendel have been advisors to, and shareholders of, several of the fastest-growing private companies in the United States, including Inc. 500's Fastest Growing Private Company in 2007.

 
 
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Shattan Mendel Enterprises Arrange Financing for Acquisition of Telecom Services Company

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Publisher Contact: Shattan Mendel - Isserman.com 
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