Aether Holdings has just acquired UCC Capital Corp., which provides structured finance solutions to intellectual property focused firms. The purchase, which was completed yesterday, will provide Aether with an IP centric company acquisition platform. Robert D'Loren, who was previously UCC's president and CEO, has been named as Aether's new CEO and has been appointed to the Board of Directors. David Oros will continue as chairman.
"We believe this transaction with UCC and Bob D'Loren, which resulted from our strategic work with Jefferies & Company, Inc., presents us with a unique opportunity to achieve our business objectives more quickly," Oros said. "Bob is a pioneer in the IP arena, and we believe that the UCC team can create significant value for our shareholders. With the firm's reputation and Bob's personal achievements in this industry, it is truly exciting for Aether."