114 Views

Centerbridge closes $1.2 bln buy of IPC

Centerbridge Partners LP has completed its $1.2 billion buy of IPC Systems from Silver Lake Partners. The deal was announced in December. Jersey City, N.J.-based IPC provides network services and trading communication technology for the financial markets. Evercore and Goldman, Sachs & Co. advised IPC, while Barclays and Credit Suisse Securities provided financial advice to Centerbridge.

122 Views

Centerbridge completes IPC acquisition

Centerbridge Partners has closed its previously announced buy of IPC Systems, a Jersey City, New Jersey-based provider of network services and trading communication technology for the financial markets. No financial terms were disclosed although previous reports said the price of the transaction would be about $1.2 billion. The seller was Silver Lake Partners. Evercore and Goldman Sachs advised IPC while Barclays and Credit Suisse Securities (USA) LLC advised Centerbridge.

142 Views

Vector Capital promotes two to MD

Vector Capital has promoted Alex Beregovsky and Andy Fishman to managing director. Prior to joining Vector, Fishman worked at Silver Lake Partners and Goldman Sachs while Beregovsky worked at a number of firms, among them Viking Global Investors and Francisco Partners.

203 Views

Centerbridge to buy IPC Systems for $1.2 bln

Centerbridge Partners has agreed to buy IPC Systems for about $1.2 billion. Silver Lake Partners is the seller. The deal is expected to close in January 2015. Jersey City, N.J.-based IPC provides network services and trading communication technology for the financial markets. Evercore and The Goldman, Sachs & Co. advised IPC. Barclays and Credit Suisse Securities provided financial advice to Centerbridge.

223 Views

Carlyle and Riverstone to sell Quorum to Silver Lake

Carlyle and Riverstone said Monday that they have agreed to sell Quorum Business Solutions to Silver Lake Partners and Silver Lake Kraftwerk. No financial terms were disclosed. Based in Houston, Quorum is a a provider of business and IT solutions for the oil, gas and renewable energy sector.

Dell launches $5.5bln loan to back buyout – Reuters

Computer maker Dell Inc set indicative pricing on the new $5.5 billion loan backing the company’s approximately $25 billion buyout by founder and CEO Michael Dell and private equity firm Silver Lake Partners, sources told Thomson Reuters. The new deal will include a $1.5 billion, five-year term loan C and a $4 billion, 6.5-year term loan B. The term loans are expected to be covenant-lite, writes Reuters.

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