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
L'Oreal Co (LRLCY.PK) on Thursday reported an increase in profit for the first half of 2015, driven by growth in North America and new markets, and favorable currency helping results. The French cosmetics company said that on the back of comprehensive growth, it is making investments in the digital... Starwood Hotels & Resorts Worldwide, Inc. (HOT) said Thursday that its second quarter profit fell 11% from last year, hurt by lower revenue as well as restructuring and special charges. However, the company's quarterly earnings per share, excluding items, came in above analysst' expectations as did... Home buyers seem to be reaping the benefits of attractive mortgage rates, with the average 30-year fixed mortgage rate ducking just under four percent, a report from Freddie Mac said Thursday.
comments powered by Disqus
Follow RTT