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Siris Capital Group Announces Strategic Minority Investments by Wafra and Landmark Partners

New York, New York, April 3, 2019 — Siris Capital Group, LLC (“Siris”) today announced that affiliates of Wafra Inc. (“Wafra”) and Landmark Partners, LLC (”Landmark”) have made strategic minority investments in Siris. Siris is a leading private equity firm focused on investing and driving value creation in mature technology companies that provide mission-critical solutions and are facing technology transitions.

The transactions follow the recent closing of Siris’ latest buyout fund at $3.45 billion. Pursuant to the transactions, the investors will acquire passive, non-voting minority stakes and will provide capital to support Siris’ strategic initiatives, including the repurchase of an existing minority participation stake that was issued at the firm’s inception. The investments will have no impact on the day-to-day management or operations of Siris. The terms of the transactions were not disclosed.

“Peter, Jeff and I are pleased to welcome Wafra and Landmark as strategic investors as we embark on our next phase of growth,” said Frank Baker, a Siris Co-Founder and Managing Partner. “These investments are a testament to the value of Siris’ differentiated approach to technology investing, and our partnership with Wafra and Landmark will help us continue to capitalize on attractive opportunities in our focus areas.”

Russell Valdez, Chief Investment Officer of Wafra, added: “Driven by a talented investing team with deep domain expertise, Siris has the right infrastructure in place to skillfully execute on its differentiated investment strategy. Together with our partners, we look forward to the firm’s continued success.”

Ian Charles, a Partner at Landmark, said: “Siris is an impressive technology investor with significant experience working with mature companies to navigate difficult technology transitions while creating value through hands-on operational involvement. We look forward to the partnership in the years ahead.”

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.

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