New Contender in Siemens SaleNew Contender in Siemens Sale
Various media outlets are quoting German newspaper reports that the new front-runner to acquire Siemens Enterprise Communications is The Gores Group , a Los Angeles-based private equity firm that also is a part owner of Enterasys , the LAN/WAN switching company. Gores Group, together with Tennenbaum Capital Partners, another private equity firm, acquired Enterasys in 2006 .
July 23, 2008
Various media outlets are quoting German newspaper reports that the new front-runner to acquire Siemens Enterprise Communications is The Gores Group, a Los Angeles-based private equity firm that also is a part owner of Enterasys, the LAN/WAN switching company. Gores Group, together with Tennenbaum Capital Partners, another private equity firm, acquired Enterasys in 2006.
Various media outlets are quoting German newspaper reports that the new front-runner to acquire Siemens Enterprise Communications is The Gores Group, a Los Angeles-based private equity firm that also is a part owner of Enterasys, the LAN/WAN switching company. Gores Group, together with Tennenbaum Capital Partners, another private equity firm, acquired Enterasys in 2006.The press reports indicate that Cerberus, the private equity firm that had been a leading contender to acquire Siemens Enterprise, had been supplanted by Gores Group.
