Simpson Thacher Aids Siris Capital Units In $862M TNS Buy

Law360, New York (December 11, 2012, 2:33 PM EST) -- A pair of private equity-backed Siris Capital Group LLC affiliates are buying data communications and service company TNS Inc. for about $862 million in a deal that is expected to bolster TNS's efforts to expand its products and services portfolio, TNS said Tuesday.

Per the agreement, Trident Private Holdings I LLC and Trident Private Acquisition Corp. will pay $21 in cash per TNS share, financing the deal with a mix of equity and debt-financing arranged by SunTrust Robinson Humphrey Inc. and Macquarie Capital (USA) Inc. The...
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