Private-equity owner sells Globecomm Systems to investor group
Globecomm Systems Inc., a Hauppauge-based satellite communications company, has been sold to an investor group led by Manhattan-based HPS Investment Partners LLC and funds affiliated with Tennenbaum Capital Partners LLC, based in Santa Monica, California. Financial terms of the sale by Globecomm’s private equity owner, Manhattan-based Wasserstein & Co., were not disclosed. Wasserstein & Co.…