Madison Dearborn, CoVant Finalize $200M LGS Innovations Purchase
Posted on: April 2, 2014

Jay Clemens
April 2, 2014

A Madison Dearborn Partners and CoVant investor group has finalized its purchase of LGS Innovations from Alcatel-Lucent (NYSE: ALU) for $200 million.

Alcatel-Lucent has sold LGS as part of an initiative to raise more than $1.4 billion by the end of 2015 through asset divestitures, Alcatel-Lucent said Tuesday.

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