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Article: BIWE Technologies' Directors Announce Successful Recapitalisation.
- Article from:
- PR Newswire Europe
- Article date:
- September 3, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON, September 3 /PRNewswire/ --
- Recapitalisation Backed by Largest Shareholder
- Gives the Company Strong Platform for Continued Success
BIW Technologies, one of the world's leading providers of online construction and engineering project control software, has announced a recapitalisation backed by the company's largest shareholder to provide a strong, debt-free platform for continued success.
BIW, led by CEO Colin Smith, finance director Bill Flind and sales director Steve Cooper was refinanced by NovaVest Fund 1 LP, which is advised by Tempo Capital Partners LLP. In addition to the settlement of all outstanding corporate debt ...