Cisco’s Service Provider Video Software plans financing for buyout

By Sara Rosenberg

New York, May 1 – Cisco’s Service Provider Video Software Solutions business has received a commitment for financing to help fund its acquisition by Permira, according to a news release.

Bank of America Merrill Lynch provided the financing commitment.

Closing is expected in Cisco’s first quarter of fiscal year 2019, subject to regulatory approvals and customary conditions.

Following the close of the transaction, Permira will create a new, rebranded company focused on developing and delivering video solutions for the Pay-TV industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.