Reuters logo
18 days ago
PE firm Centerbridge to buy enterprise software firms from Clearlake
July 6, 2017 / 11:22 AM / 18 days ago

PE firm Centerbridge to buy enterprise software firms from Clearlake

1 Min Read

July 6 (Reuters) - Private equity firm Centerbridge Partners L.P. said it would buy enterprise software companies Syncsort Inc and Vision Solutions Inc from Clearlake Capital Group L.P. for $1.26 billion.

Clearlake Capital will merge the two firms and sell a significant stake in the combined company to Centerbridge.

Clearlake will retain a "meaningful" stake in the combined company, the firm said. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Saumyadeb Chakrabarty)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below