GLASGOW-based communications specialist Wireless Infrastructure Group has been bought for upwards of £150 million by its management team and US real estate investor Wood Creek Capital Management in a deal involving both of the UK's part-nationalised banks.
The sale price includes the company's debt, which stood at £106m at the end of 2011, the last year for which accounts are available.
Lloyds Banking Group, which is 40% owned by the taxpayer, provided a debt- funding package to support the transaction.
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
