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Japanese company involved in leveraged buyout at Kurta
Kurta Corp.'s senior management staff and Mutoh Industries Ltd. of Tokyo have teamed up to buy out a group of about 40 investors in the Phoenix-based company.
Privately held Kurta, a manufacturer of computer graphics tablets and input devices, and Mutoh completed the recapitalization Jan. 31, according to Bruce Moeller, vice president of marketing for Kurta. The transaction was in essence a leveraged buyout, he says, describing the former stockholders as a mixed group that included some employees and venture capitalists.
Clint Magnussen, Kurta's president and chief executive officer, says the …