Motorola Solutions to Purchase 20% of Silver Lake’s Investment
06 Settembre 2018 - 1:00PM
Business Wire
Managing Partners Egon Durban and Greg Mondre
to Remain on Motorola Solutions’ Board of Directors
Silver Lake to Retain a Significant Position in
Motorola Solutions
Motorola Solutions, Inc. (NYSE: MSI), the leading global
provider of innovative mission-critical communications solutions
for public safety and commercial customers, and Silver Lake, the
global leader in technology investing, today announced that
Motorola Solutions is purchasing 20 percent of Silver Lake’s
convertible notes.
Silver Lake will retain a significant position in Motorola
Solutions valued at approximately $1.5 billion. Egon Durban and
Greg Mondre, Silver Lake managing partners and managing directors,
will remain on the Motorola Solutions board of directors.
“We are excited to continue our partnership and remain
enthusiastic long-term shareholders with Motorola Solutions and its
leader Greg Brown,” said Durban and Mondre. “The management team
has delivered extraordinary shareholder value driven by a
relentless focus on customers, product innovation and operational
excellence. We are strong believers in the company’s expansion
growth strategy focused on managed services, software and video
analytics.”
“Since making its $1 billion investment in 2015, Silver Lake has
been an outstanding partner,” said Greg Brown, chairman and CEO of
Motorola Solutions. “I look forward to continuing the relationship
with Egon and Greg as we continue to grow the company and
drive shareholder returns.”
Additional information may be found in the Form 8-K that
Motorola Solutions will file today with the U.S. Securities and
Exchange Commission.
About Motorola Solutions
Motorola Solutions (NYSE: MSI) creates mission-critical
communications solutions, including devices, networks, services,
software and video, that help public safety and commercial
customers build safer cities and thriving communities. For ongoing
news, visit www.motorolasolutions.com/newsroom or
subscribe to a news feed.
About Silver Lake
Silver Lake is the global leader in technology investing, with
about $40 billion in combined assets under management and committed
capital and a team of approximately 100 investment and value
creation professionals located in Silicon Valley, New York, London,
Hong Kong and Tokyo. Silver Lake’s portfolio of investments
collectively generates more than $170 billion of revenue annually
and employs more than 340,000 people globally. The Silver Lake
Partners portfolio includes leading technology and
technology-enabled businesses such as Alibaba Group, Ancestry,
Broadcom Limited, Cast & Crew, Ctrip, Dell Technologies,
Endeavor, Fanatics, Global Blue, GoDaddy, Motorola Solutions, Red
Ventures, Sabre, SoFi, SolarWinds, Symantec, Unity, Weld North
Education and WP Engine. For more information about Silver Lake and
its entire portfolio, please visit www.silverlake.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of applicable federal securities law. These statements
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 and generally include
words such as “continue,” “believes,” “expects,” “intends,”
“anticipates,” “estimates,” “will,” “may,” and similar expressions.
No assurance can be given that any actual or future results or
events discussed in this press release will be achieved or occur.
Any forward-looking statements represent the speaker's views only
as of today and should not be relied upon as representing any
person's views as of any subsequent date. Readers are cautioned
that such forward-looking statements are subject to a variety of
risks and uncertainties that could cause actual results for the
company and its shareholders to differ materially from the
discussion contained in this press release. Such forward-looking
statements include, but are not limited to, statements relating to
the investment by Silver Lake and its plans and intentions with
respect thereto. The reader is cautioned that the risk factors
described in Motorola Solutions’ 2017 Annual Report on Form 10-K
and in its other SEC filings available for free on the SEC’s
website at www.sec.gov and on Motorola Solutions’ website at
www.motorolasolutions.com could cause actual results or events to
differ materially from the discussion in the forward-looking
statements. Many of these risks and uncertainties cannot be
controlled by Motorola Solutions. No person undertakes any
obligation by virtue of this press release to publicly update any
forward-looking statement or risk factor, whether as a result of
new information, future events or otherwise.
MOTOROLA, MOTOROLA SOLUTIONS and the Stylized M Logo are
trademarks or registered trademarks of Motorola Trademark Holdings,
LLC and are used under license. All other trademarks are the
property of their respective owners. ©2018 Motorola Solutions, Inc.
All rights reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20180906005404/en/
For Motorola Solutions:MEDIATama McWhinneyMotorola
Solutions+1
847-538-1865tama.mcwhinney@motorolasolutions.comorINVESTORSChris
KutsorMotorola Solutions+1
847-576-4995chris.kutsor@motorolasolutions.comorFor Silver
Lake:MEDIAPatricia Graue+1
212-333-3810silverlake@brunswickgroup.com
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