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May 15, 2006
WASHINGTON, D.C., May 15, 2006 - Covington represented Perseus, LLC in SeaMobile's acquisition of Maritime Telecommunications Network, Inc. (MTN). MTN was a portfolio company of Perseus, LLC, a private equity fund management company based in Washington, DC and New York City.
SeaMobile, based in Seattle and founded in 2005, provides wireless voice, data and internet to cruise lines, offshore rigs, and cargo ships. Covington also represented Perseus, LLC in 2005 in connection with the acquisition of The Relizon Company by its portfolio company, Workflow Management, Inc. and its acquisition of Haggar Corp.
The Covington team included Scott Smith, Peter Schwartz, and Nicole Emch. Covington's M&A practice was ranked among the top 20 legal advisers for US-announced M&A transactions for 2005 by Thomson, Bloomberg, and mergermarket.