Mobileum Gets Dueling Restructuring Offers from Lenders, Audax

Mobileumhas received separate debt restructuring proposals from a group of lenders and former owner Audax Group, according to people familiar with the situation.

• NOTE: The company’s current private equity backer, H.I.G. Capital, and Audax have been engaged in litigation over fraud allegations tied to 2022’s $915m sale of the telecommunications-software firm
• The Audax-led offer calls for a cash injection in return for control of Mobileum, said the people, who asked not to be identified discussing a private matter
  • Such a deal would be executed outside of a bankruptcy process
• Meanwhile, lenders are offering to take control of ...