logo
Share SHARE
FONT-SIZE Plus   Neg

TPG Capital, Silver Lake To Provide Majority Funding For Avaya's Radvision Buy

Private investment firms TPG Capital and Silver Lake Partners on Thursday said they intend to provide a majority of the around $227 million required to fund the purchase of Radvision Ltd. by their portfolio company, Avaya Inc.

Avaya, a provider of business collaboration and communications solutions, said on March 15 that it has signed an agreement to acquire Radvision. The closing of the deal was anticipated within 90 days.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Shares of CRH plc were gaining around 3 percent in the early morning trading in London after the building materials group reported Thursday higher profit in its first half with improved sales. The company also announced its agreement to sell Americas Distribution business to Beacon Roofing Supply, Inc. for $2.63 billion in cash or about 2.2 billion euros. Private equity firm Blackstone Group LP is exploring options for a potential initial public offering of Gates Global LLC, Reuters reported, citing people familiar with the matter. As per the report, an IPO, which could occur as soon as 2018, could value Gates at more than $7 billion. Apple Inc. is working on a self-driving shuttle service to ferry employees within its sprawling campus, the New York Times reported. The move comes after the tech giant decided to abandon the idea of building an entire self-driving car by itself.
comments powered by Disqus
Follow RTT