Covington News

 

 

Covington Group of Funds Successfully Exits PlateSpin Ltd. Investment

March 31, 2008

Covington Group of Funds (“Covington”) is pleased to announce that Novell, Inc. (“Novell”) has completed its acquisition of Covington investee PlateSpin Ltd. (the “Company”). The acquisition for USD$205 million (all cash transaction) will see PlateSpin’s customers benefit from the larger resources and global reach provided by the amalgamation of the two entities.

Covington Group of Funds Investee PlateSpin Ltd. To Be Acquired for USD$205 Million

February 26, 2008

Covington Group of Funds (“Covington”) is pleased to announce that Novell, Inc. has entered into a definitive agreement to acquire Covington investee PlateSpin Ltd. (the “Company”) for USD$205 million (all cash transaction). The acquisition was announced by Novell on Monday February 25, 2008 and is expected to close in Novell’s second fiscal quarter of 2008, subject to the satisfaction of closing conditions.

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