CARLYLE will buy telecommunications services company Syniverse Technologies for $2.6bn (£1.6bn), the parties said yesterday, the latest in a string of multibillion-dollar deals by the US buyout fund.
Carlyle plans to pay $31.00 per share in cash to take the company private, a 30 per cent premium over Syniverse shares’ Wednesday closing price of $23.79.
The deal, which is expected to close in the first quarter of 2011, comes after Carlyle offered around $3bn for communications cable maker CommScope. In July, it announced a $3.8bn deal to buy US nutritional supplements maker NBTY.
Leveraged buyouts shrank during the credit crisis, but a recovery in financial markets has led to a resurgence in dealmaking.
Syniverse specialises in technology that supports wireless carriers and Internet providers’ roaming and messaging services.