Motorola Solutions Chooses Silver Lake to Help Fund Transition Away From Radios
ByMotorola Solutions has been the target of several prominent investors over the years, notably the activists Carl C. Icahn and ValueAct Capital.
Now the company, which makes public safety communications equipment, has another big investor as its partner of choice.
Motorola Solutions plans to announce on Wednesday that it has taken a $1 billion investment from the private equity firm Silver Lake.
The investment — a so-called private investment in public equity, or PIPE, in the form of debt that can be converted into common stock — is one of the biggest Silver Lake has made in its 16-year history, rivaling the $1.4 billion in cash it contributed to the management-led buyout of Dell two years ago.
In seeking out Silver Lake, a specialist in technology deals that oversees $26 billion worth of assets, Motorola Solutions is hoping to accelerate a transition from selling only radios that police officers, fire departments and other emergency workers use, to a broader emergency communications platform…
Motorola Solutions Chooses Silver Lake to Help Fund Transition Away From Radios
