|[April 05, 2012]
TPG Capital and Silver Lake Partners to Provide Majority Funding for Avaya's Purchase of RADVISION
FORT WORTH, Texas & SAN FRANCISCO --(Business Wire)--
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 (News - Alert) 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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