Silver Lake, Thoma Bravo close $4.5 bln buy of SolarWinds

By Luisa Beltran — 3 days ago

Silver Lake Partners and Thoma Bravo LLC have completed their buy of SolarWinds Inc for about $4.5 billion. SolarWinds stock has stopped trading on the New York Stock Exchange. Based in Austin, Texas, SolarWinds provides IT infrastructure management software to small businesses, government agencies and educational institutions worldwide. The deal was announced in October.

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Silver Lake, Warburg to sell IDC to Intercontinental Exchange for $5.2 bln

By Luisa Beltran — 4 months ago

Intercontinental Exchange said Monday that it has agreed to buy Interactive Data Corp. (IDC) for about $5.2 billion. Silver Lake and Warburg Pincus are the sellers. Bedford, Massachusetts-based IDC provides financial market data, analytics and services to financial institutions and active traders. IDC shareholders will receive $3.65 billion in cash and $1.55 million in ICE shares. PE HUB reported Oct. 21 that ICE, along with Markit Group, submitted final bids for IDC. Wells Fargo Bank, National Association and Bank of America Merrill Lynch are providing financing. Broadhaven Capital Partners provided financial advice to ICE while Goldman, Sachs & Co. and Credit Suisse advised Interactive Data.

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Biondi joins Avaya

By Luisa Beltran — 4 months ago

Avaya said Monday that Steve Biondi has joined as vice president, Global Partner Organization. Biondi most recently held the position of senior vice president and Global Group Executive – ISV and OEM Sales at Oracle. Helping Biondi is a team including: Joe Lohmeier, who recently assumed the role of vice president Worldwide Core Channels; Dino Marasco as vice president Worldwide Service Providers/System Integrator Channels and Nurali Jamani as vice president for Worldwide Distribution. Avaya is a portfolio company of Silver Lake and TPG.

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UBS taps Goldman Sachs’ Justicz as MD

By Iris Dorbian — 6 months ago

UBS has named Max Justicz as a managing director in its Americas Financial Sponsors group, the company announced today in a memo. Justicz will join UBS in the fall and be coming from Goldman Sachs. There he has served as primary coverage banker for various private equity firms and their portfolio companies that include Carlyle, CVC Capital, BC Partners, Permira, Riverstone, Silver Lake, Jordan, New Mountain Capital, Oak Hill and CCMP Capital.

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VC-backed HYLA appoints Nair as president and CEO

By Iris Dorbian — 9 months ago

Texas-based HYLA Inc, a provider of mobile device trade-in and reuse solutions, has named Biju Nair as president and CEO. Previously, Nair worked at Synchronoss Technologies, Inc where he served as executive vice president and chief corporate strategy officer. Nair’s appointment as president of HYLA was made earlier this year. HYLA’s backers include Kleiner Perkins Caufield & Byers, Silver Lake and OpenAir Equity Partners.

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