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Olshan Represents ModusLink Global Solutions, Inc. in Acquisition of IWCO Direct

December 19, 2017

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, Adam Finerman, Ken Schlesinger, Jason Saltsberg, Elizabeth Gonzalez-Sussman, Johnathan Duncan and Claudia Dubon with tax assistance from Mark Limardo and Jason Tomitz. Law360 highlighted the ModusLink acquisition of IWCO Direct in its feature "Don't Miss It: Hot Deals & Firms We're Following This Week."