TPG Capital Backs Avaya Acquisition

Fort Worth-based private equity investor TPG Capital said this morning that it is backing the acquisition of Israeli firm RADVISION Ltd., by portfolio firm Avaya Inc.. TPG, along with Silver Lake Partners, said they will provide the majority of the approximately $227M required to fund the acquisition. TPG has around $49 billion in assets under management. Avaya said it would buy Radvision on March 15th.