Silver Lake Selling SMART Storage Systems to SanDisk
July 08, 2013
Silver Lake has signed a definitive agreement to sell SMART Storage Systems to SanDisk (NASDAQ: SNDK) for about $307 million in cash and additional equity-related incentives. SMART Storage Systems designs, develops and deploys enterprise solid-state storage products. Silver Lake took the company private in 2011 and helped accelerate its SSD business, which boosts endurance and performance of NAND flash within enterprise-class SSDs.