Telecommunications equipment and software vendor Avaya Holdings Corp is consider...
- Telecommunications equipment and software vendor Avaya Holdings Corp is considering a leveraged buyout offer from a private equity firm that values it at more than $5 billion, including debt, people familiar with the matter said on Sunday.
The acquisition offer comes 15 months after Avaya emerged from bankruptcy protection, the legacy of a previous leveraged buyout, its $8.3 billion sale to private equity firms TPG Capital and Silver Lake in 2007. The identity of the private equity firm making the offer could not immediately be learned. Avaya has attracted acquisition interest from private equity firms over the last few months, and there is no certainty the latest offer will result in a deal, the sources said.
Based in Santa Clara, California, Avaya is one of the world’s largest providers of telephony systems. It was spun off from Lucent Technologies Inc in 2000, which used to be part of AT&T Inc.
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