Landmark Partners and Wafra Acquire Passive Stake in Siris Capital Group
Posted on 04/03/2019
Wafra Inc. and Landmark Partners, LLC have acquired a passive, non-voting minority stake in Siris Capital Group LLC. The purchase includes an existing minority participation stake that was issued at the Siris Capital’s inception.
Siris Capital is a private equity firm focused on investing and driving value creation in mature technology companies. Siris Capital recently raised a US$ 3.45 billion buyout fund.
Kuwait’s Public Institution for Social Security (PIFSS) is the owner of Wafra.
Goldman Sachs & Co. LLC and Berkshire Global Advisors advised Siris on the transaction. Kirkland & Ellis LLP served as legal counsel to Siris.
Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel to Wafra.