Sirirs Capital inks $840 mln buy of Digital River

An investor group led by Siris Capital Group has agreed to buy Digital River in a deal valued at about $840 million. Terms of the deal call for Siris to buy all outstanding Digital River shares for $26 each cash. Minneapolis-based Digital River provides Commerce-as-a-Service solutions. Digital River has the right to solicit alternative offers from third parties during a 45-day “go shop.” Macquarie Capital and Sankaty Advisors are providing debt financing. Morgan Stanley & Co. advised Digital River, while Union Square Advisors and Evercore Partners provided financial advice to Siris.


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.


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 […]

PE HUB Community

Join the 12514 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget