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Friday, 20 July 2007 15:18

3Com to go private

Written by David Stellmack

Image

Private investors in hot pursuit


Taking a company public used to be the most sought after business goal.  Now, taking a public company back to its private status seems to be the latest trend. 3Com, a Salt Lake City, Utah network communications equipment developer and manufacturer, is reportedly the latest company being heavily courted by private equity interests. 

Recent reports in the The Wall Street Journal indicate that 3Com has met with both Bain Capital and Silver Lake Partners to discuss a potential buyout. (Silver Lake Partners just recently bought Avaya for $8.2 billion and took it private.)  Rumors also are circulating that Nortel Networks is talking with 3Com about a buyout.

3Com set up a joint venture with Huawei Technologies Co. Ltd, a Chinese telecommunications equipment maker known as H3C Technologies Co., Ltd., and has recently acquired all of the shares of this joint venture for $882 million.

As we reported earlier this week, 3Com has been considering moving its manufacturing to China and has acquired 2,400 R & D engineers employed by H3C as part of the deal.

Last modified on Friday, 20 July 2007 18:09

David Stellmack

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