Second-Lien Lenders to H.I.G.-Backed Mobileum Hire Advisers (1)

Some second-lien lenders to Mobileum Inc. have hired Greenhill & Co Inc. as a financial adviser and Akin Gump Strauss Hauer & Feld as legal counsel, according to people familiar with the matter.

• The mobilization comes amid a lawsuit over the accuracy of the company’s financial reporting
• Representatives for the company, Akin and Greenhill didn’t respond to requests for comments
• A group of first-lien lenders is working with Houlihan Lokey and Milbank LLP
  • The debt holders have been holding discussions to provide a potential forbearance or waiver to the telecommunications software firm tied to a technical default stemming from earnings, ...