SanDisk Pays Silver Lake $307M For Smart Worldwide Unit

Law360, New York (July 2, 2013, 3:27 PM EDT) -- Just two years after it snatched up Smart Modular Technologies Inc. for $645 million, private equity firm Silver Lake Partners said Tuesday it is selling off a piece of Smart Worldwide Holdings' memory and storage business to SanDisk Corp. for approximately $307 million.

Silver Lake and its portfolio company Smart Worldwide said they have entered into an agreement for SanDisk to acquire Smart Storage Systems for cash and additional equity-related incentives.

Smart Storage, which was spun off from Smart Worldwide in connection with Silver Lake and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.