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Private Equity

TPG, Silver Lake Face $2B Loss As Avaya Considers Chapter 11

by investopedia.com posted 1year ago 2803 views
Private equity firms TPG and Silver Lake are facing potential losses of more than $2 billion on a 2007 buyout deal worth $8.2 billion in which they acquired U.S. telecommunications maker Avaya. Burdened by large debt and pension obligations, Avaya is now weighing the possibility of filing for chapter 11 bankruptcy, according to the Wall Street Journal.