Home / M&A Activity / Silver Lake Invests $1B in Motorola Solutions; Greg Brown Comments

Silver Lake Invests $1B in Motorola Solutions; Greg Brown Comments

alliance connect partnershipPrivate equity firm Silver Lake has signed a $1 billion strategic partnership and investment agreement with Motorola Solutions (NYSE: MSI) in a push to accelerate the availability of “smart” public safety communication systems.

Greg Brown, CEO of Motorola Solutions, said Wednesday the company seeks to “combine Silver Lake’s expertise in technology products, services and information solutions with our vision to create safer communities.”

The investment firm will purchase $1 billion in Motorola Solutions’ convertible senior notes that are due in 2020 and that sum equates to $68.50 per share as of Tuesday.

As of 10:07 a.m. Eastern time Wednesday, shares of Motorola Solutions in New York were up 7.41 percent from Tuesday’s closing price of 60.22.

Illinois-based Motorola Solutions produces communication equipment for public safety organizations as well as utilities, mining and transportation companies.

Silver Lake managing partners Egon Durban and Greg Mondre will join the board of directors at Motorola once the investment transaction closes in the third quarter of 2015.

Motorola Solutions said it also plans to buy back up to $2 billion of company stock.

Silver Lake’s portfolio companies include Avaya, Dell, Intelsat, Sabre, Hillstone Networks, SunGard and Vantage Data Centers.

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