Hello, Guest!
  • Friday, November 22, 2024

Reuters: Avaya Mulls Buyout Offer From Private Equity Firm


An investment company offered to acquire Avaya (NYSE: AVYA) in a proposed deal valuing the telecommunications equipment maker at $5B, or more than $20 per share, Reuters reported Monday.

The report said Santa Clara, Calif.-based Avaya aims to grow its communications software business and cloud-based technology portfolio. The leveraged buyout offer came 15 months after the firm completed financial restructuring and Chapter 11 emergence processes.

The company posted a $738M revenue for the first quarter of its 2019 fiscal year ended Dec. 31, 2018. Eighty-three percent of that amount came from software and services sales.

Shares of Avaya closed Friday at $13.21, reflecting a market capitalization of roughly $1.5B.

The firm’s government solutions business provides unified communications hardware and software, data networking, video, mobility and contact center platforms.

Video of the Day

Related Articles

Private Equity Firms Close $2.4B Purchase of AECOM’s Management Services Arm; Michael Burke Quoted M&A Activity

Private Equity Firms Close $2.4B Purchase of AECOM’s Management Services Arm; Michael Burke Quoted

Affiliates of private equity firms Lindsay Goldberg and American Securities have completed the acquisition of AECOM’s (NYSE: ACM) management services business for $2.4B. “We are pleased to complete this value-enhancing transaction, which further hones our focus on our Professional Services business and we expect will enable us to accelerate debt reduction and share repurchases,” Michael Burke, chairman and CEO of AECOM, said in a statement published Monday.

Mark Satran Named Senior Managing Director at AE Industrial Partners Executive Moves

Mark Satran Named Senior Managing Director at AE Industrial Partners

Mark Satran, formerly a managing director at Alterna Capital Partners, has joined private equity firm AE Industrial Partners as a senior managing director.

Report: Inmarsat Shareholders OK $3.4B Takeover Offer From Private Equity Firms, Pension Funds M&A Activity

Report: Inmarsat Shareholders OK $3.4B Takeover Offer From Private Equity Firms, Pension Funds

Holders of nearly 79 percent of shares at Inmarsat approved Friday a $3.4B takeover offer from a consortium of private equity firms and two Canada-based pension funds, Reuters reported Friday. The vote came after the U.K.-based satellite telecommunications firm’s board backed the $7.21 per share cash bid from Apax Partners, Warburg Pincus, Canada Pension Plan Investment