![]() ![]() ![]() All of the private equity firms mentioned declined comment. Qatalyst Partners did not return calls for comment. So far, some private equity firms have only engaged in meetings but not submitted bids, while others have submitted bids, two sources said.Ī Brocade spokesperson declined to comment. Among them are Silver Lake Partners SILAK.UL TPG Capital LP TPG.UL, KKR & Co LP KKR.N, Blackstone Group LP BX.N, Bain Capital and Warburg Pincus LLC. Sources said Brocade has held talks with at least a half dozen potential private equity buyers. They gave back some of those gains, however, ending Monday’s trading session up 35 cents, or 6.5 percent, at $5.77 per share.īrocade, which has a market value of nearly $2.7 billion, hired Frank Quattrone’s Qatalyst Partners in November to focus on a deal that could result in a leveraged buyout, the sources said. ![]() Shares of the San-Jose, California-based maker of switches and routers for managing data traffic jumped as much as 10.4 percent on Monday after Reuters reported the company was exploring a sale. NEW YORK (Reuters) - Brocade Communications System Inc BRCD.O has received first-round bids from a handful of potential buyers as the company explores a sale, sources familiar with the matter said.
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