SourceHOV and Novitex combine technology and services to form global provider of transaction processing solutions and enterprise information management
Exela Technologies, Inc. (“Exela”), formerly known as Quinpario Acquisition Corp. 2, announced today that it has closed the previously announced business combination with SourceHOV Holdings, Inc. (“SourceHOV”) and Novitex Holdings, Inc. (“Novitex”) to become one of the largest global providers of transaction processing and enterprise information management solutions serving over 3,500 clients, including more than 60% of the Fortune® 100. Exela, which is majority-owned by funds affiliated with HandsOn Global Management, LLC and funds affiliated with Apollo Global Management, LLC also announced the completion of the transaction financing through the issuance of $1.0 billion aggregate principal amount of secured notes and a $350 million secured term loan facility. The business combination was approved at a special meeting of shareholders of Quinpario on July 11, 2017, and in connection with the business combination, Quinpario Acquisition Corp. 2 (“Quinpario”) was renamed Exela Technologies, Inc. Exela expects that, effective July 13, 2017, its common stock, warrants and units will begin trading under the ticker symbols “XELA”, “XELAW” and “XELAU” on the NASDAQ Capital Market. ... |