Argenta Partners Announces Recapitalization of Cerilliant Corporation
Recapitalization: Argenta Partners consummated a recapitalization of its portfolio company, Cerilliant Corporation. This transaction provided for the acquisition of approximately $6 million of minority equity interests. The sellers of the minority interest achieved a cash-on-cash return of approximately 7 times their originally invested capital. Argenta Partners increased its equity position and is optimistic about the future opportunities of the business.