Syniverse Completes $2.6 Billion Acquisition by The Carlyle Group

TAMPA -Syniverse Technologies, a provider of technology and business solutions for the global telecommunications industry, today announced that it has completed the process of being acquired by an affiliate of The Carlyle Group, a global alternative asset manager, for approximately $2.6 billion.

Pursuant to the terms of the merger agreement, Syniverse’s stockholders are entitled to receive $31.00 in cash, without interest, less any applicable withholding taxes, for each share of Syniverse common stock owned by them. As a result of the merger, Syniverse’s common stock will no longer be listed for trading on the New York Stock Exchange.

Stockholders of record will receive a letter of transmittal and instructions on how to surrender their shares of Syniverse common stock in exchange for the merger consideration. Stockholders of record should wait to receive the letter of transmittal before surrendering their shares.

Equity capital for the transaction came from Carlyle Partners V, a $13.7 billion U.S. buyout fund, and debt provided by Barclays Capital, Credit Suisse, Goldman Sachs, and Sumitomo Mitsui Banking Corporation.