permira

Permira Closes French/US Technology Buyout

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February 2, 2012

Permira announced that it completed its acquisiton of Genesys, a global contact center technology company, from Alcatel-Lucent this week. Technology Crossover Ventures and certain co-investors of the Permira funds also participated in the transaction. The transaction values the company at USD 1.5 billion.

 

Your Dealmarket Digest editor is enjoying a one-week free trial of a useful resource called Law360, which profiled the deal in a recent article, describing it as “a delicate corporate carveout of troubled French telecom giant Alcatel-Lucent SA’s global call center division”. It also gave some insight into the technical details of the transaction, pointing out that it was Permira’s biggest buy in two years, with an equity contribution about twice the size of the firm’s average in recent transactions.

 

It required some USD 800 million in debt financing and was a well handled transaction considering “rising political tensions over potential job losses ahead of France’s 2012 elections”.

Other interesting reads on Law360 this week include a good number of distressed company deals. See

Blackstone, Others Disclose Stakes In Bankrupt Kodak

PE Firm To Be Lead Bidder In United Retail’s Ch. 11

Versa Plucks Hair Removal Chain Out Of Ch. 11 For $40M

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