News

Affiliate of Sun Capital Partners, Inc. Signs Agreement to Acquire 
Enterprise Wireless Communications Business of Polycom, Inc.

Sun Capital Affiliate to Complete Corporate Carve-Out Transaction in the Wireless Telecom Sector.

BOCA RATON, FL – Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that an affiliate has signed a definitive agreement to acquire the Enterprise Wireless Communications business (the “Company”) of Polycom, Inc. (NASDAQ: PLCM), operating under the well-known SpectraLink and KIRK telecom brands. The deal is valued at approximately $110 million, subject to certain adjustments set forth in the agreement. The sale is expected to close within the third quarter of 2012, following the satisfaction of regulatory requirements and other customary closing conditions.

The Company is a leading global provider of enterprise on-site mobile communication solutions—including handsets, infrastructure, accessories and services—using Wi-Fi, DECT, and proprietary wireless networks. The Company’s wireless telecommunications solutions meet the demanding needs of customers that employ non-deskbound workers, including companies in the healthcare, hospitality, retail, warehousing and manufacturing sectors. The U.S. headquarters of the Company will remain in Westminster, Colorado, and the European operations will continue to be based in Horsens, Denmark.

“The acquisition of the SpectraLink and KIRK telecom brands highlights Sun Capital’s interest in acquiring platform businesses within the broader technology sector,” said Marc Leder, Co-Chief Executive Officer at Sun Capital Partners. “With this investment we see a tremendous opportunity to apply our deep experience in assisting management teams in building corporate carve-outs into market leaders.”

About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in companies that can benefit from its in–house operating professionals and experience. Sun Capital affiliates have invested in more than 300 companies worldwide with combined sales in excess of $45 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen. For more information, please visit www.SunCapPart.com.

For more information, please contact:
Alex Stanton
Stanton Public Relations & Marketing
212-780-0701
Astanton@StantonPRM.com