Golden Gate Buys Tollgate for $137M

San Francisco-based buyout shop Golden Gate Capital will pay $137 million in cash to acquire publicly traded Tollgrade Communications. Tollgate is a provider of network service assurance technology for telecommunications operators in the United States and Europe. The deal is expected to close during the second quarter. Piper Jaffray & Co. advised Tollgrade. Golden Gate Capital has more than $9 billion under management.

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