TPG, Gores, PE Firm Bid For NSN Stake

TPG Capital, Gores Group and a third private equity firm are interested in acquiring a stake in Nokia Siemens Networks.

TPG Capital, Gores Group and a third private equity firm are interested in acquiring a stake in Nokia Siemens Networks (NSN), Bloomberg reports. Any deal is expected to be signed by the end of the second quarter of 2011. Gores was previously working with Blackstone on the deal, but later the private equity firm dropped its bid for the NSN stake. Gores has now partnered with another buyout fund to acquire NSN’s minority stake.

Click here for the story from Bloomberg.