Deals
Avaya to Plan Auction After Getting Unsolicited Interest
- Software company working with investment bank on sale process
- Possible bidders include Apollo, Permira, Searchlight
Avaya headquarters in Santa Clara, California.
Photographer: Smith Collection/Gado via Getty Images
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Communications software company Avaya Holdings Corp. is preparing to run a sale process for the company following unsolicited interest from potential buyers, according to people with knowledge of the matter.
Santa Clara, California-based Avaya is working with an investment bank to run an auction after receiving inquiries from private equity and other firms, said the people, who asked not to be identified because they weren’t authorized to speak publicly.