I was wrong, Avaya is going private through Silverlake Partners.
Late Monday, private-equity firms TPG Capital LLC and Silver Lake Partners said they’ll pay $17.50 in cash for each share of Basking Ridge, N.J.-based Avaya. The buyout price represents a 28% premium above Avaya’s closing price of $13.67 on May 25, the last trading day prior to initial reports about a potential transaction.
Silverlake are fully valuing Avaya so it will be interesting what they intend to do to substantially increase value. I would speculate they would need to combine it with other aligned companies or they see a lot of cost that can be removed from it. We will have to wait and see.
