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Siris Capital acquires Stratus Technologies for $352mln

Stratus Technologies, a provider of availability solutions, has been acquired by Siris Capital Group for around $352 million. Jefferies LLC served as exclusive financial advisor to Stratus and Gibson Dunn & Crutcher LLP acted as legal counsel to Stratus. Wells Fargo Securities, LLC and Macquarie Capital Inc acted as M&A advisors to Siris and Simpson Thacher & Bartlett LLP acted as legal advisor to Siris.

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Siris Capital completes Stratus Technologies acquisition

Siris Capital Group has closed its buy of Stratus Technologies for approximately $352 million. Jefferies served as financial advisor to Stratus on the transaction while Macquarie Capital was the M&A advisor. Headquartered in Maynard, Mass., Stratus Technologies is a provider of infrastructure solutions that keep applications running continuously.

Oracle to Acquire Siris’ Tekelec Global

Oracle Corporation is to acquire Tekelec Global, a portfolio company of Siris Capital Group. Terms of the transaction were not disclosed and closing is subject to certain closing conditions and regulatory approvals. Tekelec is a provider of network signaling, policy control, and subscriber data management solutions to both wireless and wireline service providers.

PE Consortium Acquires Tekelec

Mobile broadband solutions company Tekelec is to be acquired by a consortium led by Siris Capital Group and including affiliates of The ComVest Group, funds and accounts managed by GSO Capital Partners LP, Sankaty Advisors, ZelnickMedia and other Siris limited partners and affiliates. The transaction is valued at approximately $780 million. PRESS RELEASE Tekelec, the […]

Scoop: SAC’s Cohen Severs Ties with Siris

Siris Capital Group, the buyout firm that spun out of SAC Capital Advisors early this year, is raising its first fund without help from the hedge fund’s controversial leader Steven Cohen (pictured), Buyouts reported earlier today, citing three sources. Cohen offered to back away from the firm’s efforts some time in the spring, when he […]

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