TPG Capital and Gores Group are among private equity firms seeking to acquire a stake in telecom equipment maker, Nokia Siemens Networks (NSN), Bloomberg reports. Blackstone Group, which was partnering with Gores, lost interest in the acquisition.
Gores is now teaming up with another buyout fund to buy the stake, while a third bidder competing against TPG and the Gores consortium was not disclosed. The private equity funds are seeking to take operational control of NSN.
Click here for the story from Bloomberg.