Centerbridge-backed Syncort to buy Pitney Bowes’ software business
Syncort, which is backed by Centerbridge Partners LP and Clearlake Capital Group LP, said Aug. 26 that it agreed to buy Pitney Bowes’ software solutions business. Financial terms weren’t announced. Pitney Bowes, in a separate release, valued the sale at $700 million. Atif Azher, Naveed Anwar, Mark Underwood, Usman Arain, and Brittani Frink of Simpson Thacher & Bartlett LLP served as legal counsel to Syncsort.
26 August 2019•4 mins read
