Financing deals are beginning to pick up - another sign the economy may be taking a turn for the better.
Scottsdale-based Columbia West Capital LLC served as financial adviser in a $63.2 million management buyout for a client in Nevada and a $7.5 million leveraged recapitalization for Phoenix-based Televerde.
The Televerde deal gives a bigger company stake to James Hooker, Televerde's president and CEO for the past 15 years, as well as other senior members of the management team. Part of the money, which comes from Houston-based Main Street Capital, will be used for growth initiatives.
http://www.bizjournals.com/phoenix/print-edition/2011/01/28/phoenix-area-financing-deals-on-the.html
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