Deal Snapshot
SIRIS AFFILIATES TO ACQUIRE TPX COMMUNICATIONS TO ACCELERATE GROWTH IN ENTERPRISE MANAGED SERVICES
Thursday 22 August 2019

Affiliates of New York, US and California, US-based private equity firm Siris Capital Group, LLC, focussed on technology and telecommunications, has agreed to acquire IT managed services provider US TelePacific Holdings Corp. (d/b/a TPx Communications) from investors including affiliates of Investcorp and Clarity Partners, the company said.
Equity financing will be provided by investment funds affiliated with Siris.


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Details
Date Published: 22/08/2019
Target: US TelePacific Holdings Corp. (d/b/a TPx Communications)
Country: USA
Sector: Telecommunications
Type: LBO
Financing:
Status: Agreed
Vendor: Investors including affiliates of Investcorp and Clarity Partners
Buyer: Siris Capital Group
Buyer Advisor: Macquarie Capital , Evercore
Comment:
Terms of the deal were not disclosed

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