PE Firm Riverside Buys Into Satellite Communications Co.

Law360, New York (November 28, 2011, 5:32 PM EST) -- Private equity firm Riverside Partners LLC is acquiring a majority stake in St. Petersburg, Fla.-based ITC Global Inc., a satellite communications company specializing in the mining, energy and maritime industries, Riverside announced Monday.

Boston-based Riverside inked an agreement to buy a majority interest in ITC and to provide the company with the “significant” capital needed to fund the company’s expansion, according to the statement. The terms of the transaction remain confidential.

“ITC has a deep understanding of their customers' communications needs, offers superior customer service and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.