Daily News: February 26, 2014

US Capital Advises Tectura on North American Subsidiaries Sale

US Capital Partners announced it provided financial advisory services to Tectura culminating in its recent sale to UXC Eclipse of Tectura (USA), Tectura (AES) and Tectura (Canada East), three wholly owned subsidiaries of Tectura Corp.

“Tectura Corporation initially engaged US Capital Partners to underwrite a $21 million refinancing of its debt structure,” said Jeffrey Sweeney, CEO and managing director at US Capital Partners. “Upon US Capital Partners’ due diligence of the company, both parties came to the conclusion that the best route for the company was to proceed with the sale of its North American subsidiaries. As a leading provider of intelligent business solutions, UXC Eclipse recognized the synergy between the two organizations, and entered into an agreement to acquire Tectura’s North American subsidiaries.”

Pleasanton, CA-headquartered Tectura Corp. is a global technology services firm that provides consulting and system implementation products and services to businesses worldwide. The company is a Microsoft Dynamics partner.