Bloomberg News

Permira Said to Be in Talks to Buy Alcatel-Lucent Genesys Unit

September 02, 2011

Sept. 2 (Bloomberg) -- Permira Advisers LLP, the London- based buyout fund, is in talks to buy Alcatel-Lucent’s Genesys software unit after deciding against a takeover of its entire enterprise business, said a person with direct knowledge of the situation.

Permira, which had been in exclusive talks to buy the enterprise unit, is continuing non-exclusive talks for Genesys, said the person, who declined to be identified because the discussions are private. Genesys makes software for managing customer call centers and is part of the enterprise unit.

Siemens Enterprise Communications, which has been folded into a venture with Los Angeles-based private-equity firm Gores Group LLC, dropped out of the talks to buy Alcatel-Lucent’s enterprise unit about two months ago, said another person familiar with the matter. Gores might still be interested in some parts of the unit, the person said.

A spokesman for Gores declined to comment. Simon Poulter, an Alcatel-Lucent spokesman, also declined to comment.

The Paris-based networking company has been looking for buyers for the enterprise unit for several months, and a sale of all of those assets may fetch about 1.5 billion euros ($2.1 billion), people close to the situation said on April 29.

Aspect Software, a portfolio company of Golden Gate Capital, is also interested in Alcatel-Lucent’s enterprise business, the Wall Street Journal reported earlier today. A Golden Gate spokesman had no immediate comment.

--Editors: Jennifer Sondag, Jacqueline Simmons

To contact the reporters on this story: Serena Saitto in New York at ssaitto@bloomberg.net; Anne-Sylvaine Chassany in London at achassany@bloomberg.net.

To contact the editor responsible for this story: Jennifer Sondag at jsondag@bloomberg.net.


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