Mobile phone software provider Telcordia of Piscataway announced on June 15 it has been sold by Providence Equity Partners LLC and Warburg Pincus LLC to cellular phone manufacturer Ericsson of Stockholm for $1.15 billion.
Avis Europe Acquired for $1B
Avis Budget Group of Parsippany announced on June 14 that it has paid $1 billion to acquire Avis Europe of Berkshire, England, also a car-rental company. Avis Budget was represented by David Fox and Daniel Wolf, of Kirkland & Ellis in Chicago, and Avis Europe by Chris Brown of Freshfields Bruckhaus Deringer in London.
Verisk Buys Health Risk for $60M
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