Debevoise Advises Carlyle, as Majority Owner of Syniverse, In the Financing Aspects of Twilio’s $750 Million Investment in Syniverse

18 May 2022

Debevoise & Plimpton LLP has advised Carlyle (NASDAQ: CG), as majority owner of Syniverse, in raising $1.025 billion in new term loan debt and $340 million in new preferred equity in connection with the closing of Syniverse’s previously announced strategic partnership with Twilio (NYSE:TWLO), in which Twilio has invested $750 million for common equity in Syniverse. Twilio is now a significant minority owner of Syniverse with Carlyle maintaining its majority stake. For more information, please see the company’s press release.

Syniverse provides secure networking and connectivity solutions to mobile network operators and enterprises around the world. Twilio is a leading cloud communications platform.

The Debevoise team was led by finance partner Jeffrey Ross and included counsel Katarina Molnarova and Margaret O’Neill, associates Mihai Chitulescu and Wesley Moore, and law clerks Tayonna Ngutter, Alyssa Novoselac, Timothy Shin and Ines Tulic, and M&A partners Jonathan Levitsky and Christopher Anthony, counsel Benjamin Collins-Wood and associates Erik Andrén and Kirstie Yu.