TPG, Silver Lake Provide Financing for RADVISION Deal


Avaya Inc., which is backed by TPG Capital and Silver Lake Partners, acquired RADVISION Ltd. The two buyout shops said in a statement Friday that they would provide a majority of the approximately $227 million required to fund the purchase. Avaya is a provider of business collaboration and communications technology.

PRESS RELEASE

TPG Capital and Silver Lake Partners today announced their intention to provide a majority of the approximately $227 million required to fund the purchase of RADVISION Ltd. by their portfolio company, Avaya Inc., a global provider of business collaboration and communications solutions.

 

On March 15, 2012, Avaya announced it had signed an agreement to acquire RADVISION Ltd., with closing anticipated within approximately 90 days of that date, assuming the satisfaction of agreed-upon closing conditions.

 

About TPG Capital

 

TPG Capital is a leading global private investment firm founded in 1992 with $49 billion of assets under management.

 

About Silver Lake

 

Silver Lake is the global leader in private investments in technology and technology-enabled industries.

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