Prison Phone Company Aventiv Clears Hurdle for Lenders’ Takeover

Aventiv Technologies has clinched an out-of court deal for lenders to take control of the prison phone company from private equity firm Platinum Equity, capping a lengthy slog to clear regulatory approval, according to people familiar with the matter. Aventiv Technologies has clinched an out-of court deal for lenders to take control of the prison phone company from private equity firm Platinum Equity, capping a lengthy slog to clear regulatory approval, according to people familiar with the matter.