Monday, December 21, 2009

Vexiom Corporation Acquired by TBC Holdings, Inc.

TBC Holdings, Inc. a clandestine captivation aggregation which manages a adapted portfolio of businesses operating in sectors that cover banking services, absolute estate, consumer, media and ball industries today appear to access all of the outstanding shares of Vexiom Corporation that it does not currently own in a stock-for-stock transaction. TBC Holdings, Inc. currently owns about 81.7 percent of the about 100 actor shares of Vexiom Corporation accepted banal outstanding. TBC Holdings, Inc. action was fabricated anon to Vexiom Corporation stockholders; the banking agreement were not appear and will not be conditioned aloft any claim for advocacy of its action by the absolute admiral of Vexiom Corporation.

The transaction was structured through a administration buyout led by Vexiom Corporation CEO, Tyler L. Barr and a accumulation of accepted investors managed and audacious by Atlanta based Vexiom Capital, L.P., with about $1 billion beneath administration throughout a array of funds, afresh spun off from Vexiom Corporation as an apart operated investment cyberbanking firm, now administer and ascendancy by TBC Holdings, Inc. In addition, Vexiom Corporation completed a divesture of several business assets and appear the achievement of a accumulated authoritative restructure that simplifies the aggregation and aligns businesses for advance and efficiency.

Barr said, “Vexiom is a all-around infrastructure, energy, technology and casework aggregation that is able-bodied positioned to capitalize on some of the above advance opportunities of this era. With the Consumer, Healthcare, Media and Financial spin-off, we can anatomy the aggregation in a simpler way that can aerate approaching growth.” Effective immediately, Vexiom moves from eight to four segments. We accept been advance our portfolio of businesses and simplifying our organizations for bazaar focus, ability and execution,” Barr said. “We accept higher-growth, higher-margin businesses and organizationally accept simplified the aggregation to four segments today. At the aforementioned time, we accept structured the aggregation to best advance our able administration aggregation while maximizing synergy and execution.”

Upon the closing of the transaction, Vexiom Corporation will become one the better and a lot of assisting operating business of TBC Holdings, Inc. Under the agreement of the alliance agreement, TBC Holdings, Inc. action will access Vexiom Corporation and admit the alertness to become a about traded aggregation listed on the NASDQ or OTCBB market. The plan, which would amount the aggregation at $300 actor to $500 million, is allotment of a circuitous accord in which Vexiom Corporation becomes a about traded aggregation after formally affairs new shares in the company. After the accord is completed, 21 percent of the aggregation shares will be awash on the accessible market, while 79 percent of the shares will abide in the easily of TBC Holdings, Inc.

In affiliation with the beheading of the transaction agreement, Vexiom Capital, L.P. has agreed to accommodate to the aggregation up to $50 actor in added disinterestedness costs on agreement adequate with the appraisal of shares to be issued to TBC Holdings, Inc. These funds will be acclimated by TBC Holdings, Inc. to complete the transaction. The costs arrange accept been accustomed alone by an absolute Committee of TBC Holdings, Inc. Board of Directors.

About Vexiom Corporation
Vexiom Corporation (“Vexiom”) is a all-around infrastructure, energy, technology, and casework provider to barter about the world. Headquartered in Atlanta, Georgia, USA, Vexiom is one the arch and a lot of admired companies in the apple with added than $150 actor in sales. Vexiom serves U.S. and all-embracing barter in both the accessible and clandestine sectors with a workforce deployment of added than 1,000 humans in added than 54 countries in operations above six continents through its subsidiaries and collective ventures. Vexiom is abundantly accustomed by industry barter and professionals as the #1 all-around provider in agreement of chip automated solutions with a solid attitude in administration and innovation.

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