Home / Tag Archives: Chapter 11

Tag Archives: Chapter 11

Carlyle Group to Make Equity Investment in Military Aircraft Service Provider NORDAM

The Carlyle Group (Nasdaq: CG) signed an agreement to invest in NORDAM, a family-owned aerospace manufacturing and repair company, and will support the latter’s strategic plan and growth initiatives. The equity investment from the Carlyle Strategic Partners IV L.P. fund and debt financing will also help NORDAM emerge from Chapter …

Read More »

Avaya Names 7 Board Members Under Reorganization Plan

Avaya has appointed seven new members to its board of directors as part of the Santa Clara, California-based communications technology firm’s reorganization effort. Jim Chirico, formerly chief operating officer at Avaya who assumed the president and CEO roles in October, will serve as a board member once the reorganization is …

Read More »

COO Jim Chirico to Succeed Kevin Kennedy as Avaya CEO

Jim Chirico, chief operating officer and global sales leader at Avaya, has been named CEO and a board member of the Santa Clara, California-based communications technology firm in a move that takes effect Oct. 1. He will succeed the retiring Kevin Kennedy, who will remain with the company as an adviser, …

Read More »

L-3 to Buy Implant Sciences’ Explosive Trace Detection Assets for $117M

L-3 Communications (NYSE: LLL) has agreed to purchase the explosive trace detection business assets of Implant Sciences for $117.5 million cash in a push to expand the former’s portfolio of security and detection platforms. L-3 said Monday it will assume specified liabilities under the asset purchase agreement with Implant Sciences and will integrate …

Read More »