Skip to content
Subscriber Only

Carlyle-Backed Syniverse Is in M3-Brigade SPAC Merger Talks

rf phone smartphone

Source: Westend61/Getty Images

Syniverse Technologies LLC, a messaging company that has been owned by Carlyle Group Inc. since 2011, is in talks to go public through a merger with M3-Brigade Acquisition II Corp., according to people with knowledge of the matter.

M3-Brigade is seeking new equity to support a transaction that’s set to value Tampa, Florida-based Syniverse at about $3 billion including debt, one of the people said. In March, Twilio Inc. agreed to invest as much as $750 million in Syniverse ahead of a potential public listing. Syniverse has about $1.9 billion in debt, data compiled by Bloomberg shows.