Wednesday, December 4, 2013
Marlin Equity Partners Completes Tellabs Acquisition
Los Angeles-based private equity company Marlin Equity Partners said this morning that it has completed its acquisition of Tellabs, which provides mobile backhaul, optical networking, and other related telecommunications products. The deal was worth $891M, and had originally been announced in October. Marlin Equity said that Tellabs will continue to be headquartered in Naperville, Illinois. Marlin Equity said Tellabs joins a number of other telecom companies in its portfolio, including Coriant (formerly the Optical Networks business of Nokia Siemens Networks), Coriant America, Inc. (formerly Sycamore Networks), Openwave Mobility and Openwave Messaging. Marlin was advised by Credit Suisse, Evercore, and Schulte Roth & Zabel LLP in the deal; Tellabs was advised by Goldman, Sachs & Co., and Sidley Austin LLP.