AMERICAS DISTRESS DAILY: H.I.G.’s Mobileum Gets Dueling Offers

Mobileum has received separate debt restructuring proposals from a group of lenders and former owner Audax Group, people familiar with the situation told Bloomberg News.

The offer led by Audax, which has been engaged in litigation with current private equity backer H.I.G. Capital, calls for a cash injection in return for control of Mobileum, the people said. Such a deal would be executed outside of bankruptcy court.

The lender group, meanwhile, is offering to take control of a reorganized company, the people said.

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