Weil Aids Silver Lake Sumeru In $225M Velocity Cloud Biz Buy

Law360, New York (July 13, 2012, 4:39 PM ET) -- A technology investor group led by private equity firm Silver Lake Sumeru has agreed to purchase cloud computing services provider Velocity Technology Solutions for about $225 million, a person close to the deal said Friday.

The deal, in which Silver Lake Sumeru will buy the company from a shareholder group that includes Spire Capital Partners and Tudor Ventures Group, is the private equity firm's fourth major transaction this year.

“Our firm has a strong interest in managed cloud services, having completed several investments in the sector....
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers