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Berkshire Global Advisors acted as co-advisor to Siris Capital Group, LLC
  • has a sold a minority interest to
  • Berkshire Global Advisors acted as co-advisor to Siris Capital Group, LLC

  • Date: April 2019
  • Sector: Private Markets – Private Equity / Credit
  • Sub-Sector: Private Equity
  • Region:
  • Seller AUM: $6 Billion
  • Seller Details:
    Siris is a leading private equity firm focused on making investments in data, telecommunications, technology and technology-enabled business service companies primarily located in North America. Integral to Siris’ investment approach is its collaboration with its executive partners, who are highly experienced senior operating executives, to identify, validate and operate investment opportunities. Their significant involvement allows Siris to partner with management to add value both operationally and strategically.

    Buyer Details:
    Wafra has more than $23 billion of assets under management and invests across a wide range of asset classes. In its pursuit of investments, Wafra seeks to connect its investors, partners and stakeholders to foster an exchange of ideas and innovations. Wafra’s investment strategies, including strategic minority investments, express the long-term vision of its stakeholders. Wafra is headquartered in New York.

    Landmark Partners specializes in secondary market transactions of private equity, real estate and infrastructure investments, with approximately $27 billion of committed capital as of December 31, 2018. Founded in 1989, the firm has one of the longest track records in the industry and is a leading source of liquidity to owners of interests in real estate, real asset, venture, mezzanine and buyout assets. Landmark has completed over 625 transactions in its 30-year history. Landmark Partners has more than 125 professionals across five offices in Boston, Dallas, London, New York and Simsbury, Connecticut.

    Transaction Summary:
    Siris Capital Group, LLC announced that affiliates of Wafra Inc. and Landmark Partners, LLC have made strategic minority investments in Siris. The transactions follow the recent closing of Siris’ latest buyout fund at $3.45 billion. Pursuant to the transactions, the investors will acquire passive, non-voting minority stakes and will provide capital to support Siris’ strategic initiatives, including the repurchase of an existing minority participation stake that was issued at the firm’s inception. The investments will have no impact on the day-to-day management or operations of Siris. The terms of the transactions were not disclosed.