Akin Gump Advises Novitex Holdings in $2.8 Billion Deal Creating Financial Technology and Business Services Industry-Solutions Provider
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(New York) – SourceHOV, LLC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2, a publicly traded special purpose acquisition company, have announced they will combine to create a leading industry-solutions provider for financial technology and business services, delivering mission critical, technology-enabled multichannel information services to over 3,500 blue-chip customers in 55 countries. The parties have entered into a definitive business combination agreement for the proposed transaction, which is valued at approximately $2.8 billion and is expected to close during the second quarter of 2017. Akin Gump advised Novitex in the matter.
Novitex, a North American provider of technology-driven managed services, is owned by certain funds managed by affiliates of Apollo Global Management, LLC. SourceHOV is majority owned by HandsOn Global Management, LLC and affiliates.
The Akin Gump team was led by corporate partners Adam Weinstein and Gerald Brant. They were joined by partner Rosa Testani, senior counsel Daniel Zimmerman and associates Michael Smith and John Clayton from the securities team, as well as corporate associates Erika Leon, Brittany Harrison, Lauren Connell, Josh Savitz and Jason Sison.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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